Bloomberg News

Yen Reverses Losses as BOJ Keeps Rates, Asset-Purchase Program Unchanged

March 13, 2012

The yen erased its loss against the dollar and euro after the Bank of Japan (8301) concluded its policy meeting where it kept its key interest rate and asset-purchase program unchanged.

Japan’s currency gained 0.2 percent to 82.09 per dollar as of 2:22 p.m. in Tokyo, after earlier weakening to 82.49. The yen also reversed its decline against the euro, gaining 0.2 percent to 108.00.

To contact the reporter on this story: Rocky Swift in Tokyo at rswift5@bloomberg.net

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net


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