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BOJ holds off on further monetary easing, dismaying markets

The yen rises against the dollar and euro, while Tokyo stock prices slump

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The yen leapt against the dollar and the euro while Tokyo stock prices slumped on Thursday, on the back of the Policy Board of the Bank of Japan (BOJ) disappointing market expectations by holding off further monetary stimulus, even amid a slowing Japanese economy and headwinds buffeting the global economy.

Tokyo

THE yen leapt against the dollar and the euro while Tokyo stock prices slumped on Thursday, on the back of the Policy Board of the Bank of Japan (BOJ) disappointing market expectations by holding off further monetary stimulus, even amid a slowing Japanese economy and headwinds