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Yen recovers after Kuroda plays down helicopter money talk

Published Thu, Jul 21, 2016 · 09:50 PM

London

THE yen rebounded from six-week lows against the dollar on Thursday, after Bank of Japan chief Haruhiko Kuroda said the bank saw no need to stimulate the economy with "helicopter money".

After dipping below US$1.10 on Wednesday, the euro was also steadier as the European Central Bank held off with any immediate further easing of monetary policy, as expected.

Investors had been betting on an aggressive round of stimulus from next week's Bank of Jap…

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Companies & Markets

Companies & Markets

Yen recovers after Kuroda plays down helicopter money talk

Companies & Markets

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

Valuations for office Reits lag counterparts, but re-rating may face uncertainty

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