Yen rallies after Bank of Japan policy tweak, Asia equities mixed | The Malaysian Insight

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Yen rallies after Bank of Japan policy tweak, Asia equities mixed | The Malaysian Insight
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Yen rallies after Bank of Japan policy tweak, Asia equities mixed

The yen rallies today after more than a year of being hammered as the Bank of Japan refused to shift from its loose policy, even as central banks around the world raised interest rates to fight surging inflation. – EPA pic, July 28, 2023.

THE yen rallied and Japanese stocks fell after the country’s central bank tweaked its ultra-loose monetary policy today, while other Asian stocks were mixed after forecast-beating US data revived concerns the Federal Reserve could hike interest rates further. After a closely watched meeting, the Bank of Japan said it would allow “greater flexibility” in government bond markets, having allowed them to move in a tight band in a process known as yields curve control.

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