Yen Slides On Japanese Stimulus Bets
Mohammad Ali (@ChaudhryMAli88) Published July 21, 2016 | 01:31 PM
TOKYO, (UrduPoint / Pakistan Point News - 21st july,2016) The Yen on Thursday slid to its lowest level in about six weeks on expectations of fresh stimulus from the Japanese government and central bank, ahead of a European Central Bank meeting later in the day.
Japan's Currency has lost most of the sharp gains it made in reaction to Britain's June 23 vote to exit the European Union, which sparked buying of safe assets. On Thursday, Japanese media said Tokyo was readying a package of at least 20 trillion yen -- twice as much as earlier reported -- to kickstart the world's number-three economy, fend off deflation and counter any negative effects of the Brexit.
Related Topics
Recent Stories
Higher taxes, awareness help decrease cigarettes sale in Pakistan
Sindh Minister of Works and Services Ali Hassan Zardari reviews ongoing projects ..
7 ordinances laid in Senate
Implementation of Naan, Roti's revised rates being ensured
Police attack case: ATC discharges PTI leader
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
Allama Iqbal gave Muslim Ummah a new dimension of thinking, hope: Dar
SNGPL takes action against 11 gas pilferers
Five numberdars dismissed in Jhang
Industries Minister recommends urea fertilizer import to stabilize prices and su ..
Honda announces US$11 bn EV battery and vehicle plant in Canada
CM lauds TCF's journey from 5 schools to 2000 across country
More Stories From Business
-
Higher taxes, awareness help decrease cigarettes sale in Pakistan
9 minutes ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
13 minutes ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
13 minutes ago -
Honda announces US$11 bn EV battery and vehicle plant in Canada
13 minutes ago -
Zhao Shirin calls on Punjab Industries Minister
41 minutes ago -
CEO APM Terminals calls on Finance Minister
45 minutes ago
-
SACM visits GTVC checks attendance register
50 minutes ago -
CEO APM Terminals meets Commerce Minister
50 minutes ago -
RTO destroys huge quantity of non-duty paid cigarettes
1 hour ago -
Pakistan's total liquid foreign reserves reach $ 13.28 billion
1 hour ago -
RDA inflows rise to $7.660 bn in March 24
1 hour ago -
FPCCI welcomes direct flights between Pakistan-Azerbaijan
1 hour ago