Latest news with #LISAKIM
Nikkei Asia
2 days ago
- Business
- Nikkei Asia
Asian currencies weaken, stocks muted on Trump's new tariffs
A new tariff rate of 25% on Japan is 1 percentage point higher than what U.S. President Donald Trump had suggested on April 2. © Reuters LISA KIM and JADA NAGUMO TOKYO -- Asian currencies depreciated against the dollar on Tuesday morning after U.S. President Donald Trump sent letters to the nation's top allies notifying them of their new tariff rates. The Japanese currency extended losses early in the day after weakening around 1% against the dollar to the 146-yen level in New York trading. The yen slid to a year-low against the euro at 171.40, down around 0.5%. The South Korean won fell around 1% against the greenback before paring losses.
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Nikkei Asia
26-06-2025
- Business
- Nikkei Asia
Yen muted as BOJ decides on a more gradual bond buying taper
The Bank of Japan has been tapering its bond purchases since August as part of its decision to normalize its ultraloose monetary policy. (Photo by Akira Kodaka) LISA KIM TOKYO -- The Japanese yen was largely flat Tuesday after the Bank of Japan said at the end of its policy meeting that it would be less expeditious in reducing its bond purchases, as expected. The currency traded at around 144.70 to the dollar as of 5:16 p.m. Tokyo time, trimming gains to levels seen before the policy decision. The currency fluctuated in a narrow band during BOJ Gov. Kazuo Ueda's post-policy meeting news conference.
