Forex Blog

August 30, 2010

Yen Appreciation Forces Central Bank to Call Emergency Meeting

The Bank of Japan held an emergency meeting to determine a plan of attack to address the rapidly rising yen. For starters, the Bank announced that it would boost lending and would immediately supply the country’s commercial banks with 10 trillion yen ($117bn; £75bn) in a bid to halt the yen’s appreciation.

Source: BBC News

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