Sunday, February 17, 2013

Comment Back Japan Officials ' Representing ' The Yen

Komentar Pejabat Jepang Kembali Lemahkan Yen

Monexnews-Yen weakened to its lowest level since May 2010 against the dollar as Japan officials hinted their commitment to policies that could lead the yen depreciate.

Japan's currency skidded against all major currencies after Japan's economy Minister Akira Amari said that the Government should stick with its efforts to boost the stock price.

The Yen fell for the first time in four days against the euro after the Asian Development Bank President Haruhiko Kuroda, who nerupakan a potentially candidate to be Chairman of the central bank, showed that he was in favor of monetary stimulus.

"The trend of a weakening of the Yen is still quite solid," said Ian Standard, currency analyst at Morgan Stanley. Comments from the market perception of Amari reinforce that Japan is determined to put its policies to bring the economy out of deflation. "

(fsyl)



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Title Post: Comment Back Japan Officials ' Representing ' The Yen
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Author: Mohammad Zulfi Satriawan

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