Yen gains as BOJ refrains from more stimulus
London
THE yen rose on Tuesday after the Bank of Japan held off on expanding its stimulus programme, with governor Haruhiko Kuroda maintaining his optimism about the country's economic outlook.
The outcome was expected, but some market players had hoped for a surprise easing because of weak economic data over recent weeks. Mr Kuroda gave no hints about any further easing, telling a press conference that Japan's economy continued to recover moderately and that he expected exports to rise gradually.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results