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Yen slides as new Bank of Japan governor sticks to ultra-loose policy

Yen slides as new Bank of Japan governor sticks to ultra-loose policy

The yen fell on Monday after new Bank of Japan governor Kazuo Ueda signalled he would for the time being stick to the ultra-loose monetary policy overseen by his predecessor over the past decade.

In his first news conference as head of the BoJ, the 71-year-old economist stressed that the two pillars of Japan’s current monetary policy — negative interest rates and yield curve control — remained appropriate under current economic…


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