Bloomberg News

Yen Holds Gains Versus Peers as BOJ Keeps Stimulus

June 14, 2012

The yen held gains against the dollar and euro after the Bank of Japan (8301) refrained from adding to stimulus measures after the conclusion of a policy meeting today.

Japan’s currency climbed 0.4 percent to 79 per dollar as of 12:05 p.m. in Tokyo. It added 0.5 percent to 99.79 against the euro.

The central bank kept its asset-purchase fund at 40 trillion yen ($505 billion) and a credit lending program at 30 trillion yen, matching the forecasts of 13 economists surveyed by Bloomberg News. The decision was announced in Tokyo today.

To contact the reporter on this story: Masaki Kondo in Singapore at

To contact the editor responsible for this story: Rocky Swift at

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