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| Subject: Yen off six-week low after 'helicopter money' mania shot down Thu Jul 21, 2016 9:17 pm | |
| The yen hovered above six-week lows in early Asian trade on Friday after comments from Bank of Japan Governor Haruhiko Kuroda dented speculation Japan may be preparing a radical "helicopter money" economic stimulus.
The yen JPY= bounced back to 105.88 yen per dollar from 107.49, its six-week low against the U.S. currency touched on Thursday.
The rebound was triggered by Kuroda's comments on a BBC Radio 4 interview playing down the idea of helicopter money, essentially a policy of injecting cash directly to the economy by printing money in some form.
http://www.reuters.com/article/us-global-forex-idUSKCN102025 |
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