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Kuroda’s BOJ Holds Ground on Ultralow Rates, Pushing Yen to 145

THE LENDER of Japan continued to the stand by position its ultralow interest levels since it further isolated itself from the global wave of policy tightening, fueling a slide in the yen to a brand new 24-year low and ramped-up warnings of possible intervention.

Within hours of the Federal Reserves latest rate hike, Governor Haruhiko Kuroda and his fellow board members kept the BOJs yield curve control program and its own asset purchases unchanged Thursday as have been widely expected. Your choice still pushed the yen to as weak as 145.37 contrary to the dollar, prompting a stronger warning from Japans top currency official.

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