Yen gains as BOJ policymakers fret about QE costs

London

THE yen rose on Tuesday after Bank of Japan (BOJ) minutes showed the hurdle to further quantitative easing (QE) was high and as the US dollar struggled to make headway before a second reading of US growth data.

Minutes of the last BOJ meeting showed board members expressing concern that expanding the central bank's QE could increase the risk that it will be seen as financing the government deficit.