NEW YORK (AFP) - The yen headed lower again Wednesday after Bank of Japan policymakers trimmed their inflation expectations but held off on fresh easing measures despite the economys fall into recession.Following a two-day meeting, the BoJ stood pat on monetary policy, after expanding its already huge stimulus package last month.But BoJ Governor Haruhiko Kuroda said little about the issue of sales tax increases, postponed by the government as Prime Minister Shinzo Abe called snap elections on Tuesday.The dollar hit a seven-year high against the yen at 118.01, while the euro surged to 148.11 yen, its highest level in six years.The dollar eased against the euro, but there appeared to be little impact from the release of minutes from the Federal Reserves last policy meeting on October 28-29.The minutes were -- if anything -- modestly dovish, even as they confirmed the Feds commitment to its stated policy path. Policymakers were slightly worried that weak economies elsewhere could slow US growth and pull inflation lower, but they also saw that cheaper gasoline would give US families more spending power.Dunya News Tv
Posted on: Thu, 20 Nov 2014 00:52:39 +0000