Thursday, October 27, 2011

Japan spies a new haven

Yen Record May Encourage Japan to Aid Europe

Aiding Europe may be Japan’s best bet for weakening the yen after an expansion of central-bank stimulus yesterday failed to stop the currency from advancing to a postwar high.
The Bank of Japan added 5 trillion yen ($66 billion) to an asset-purchase program after Europe announced an enlarged rescue fund to counter the region’s debt crisis.

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