Home2024/03 2024 Marzo 28

What’s wrong with the yen and the Japanese bank (BoJ)?

The yen has slipped past ¥150 against the dollar for the first time in more than three decades. The latest decline came as the Bank of Japan (BoJ) said it would launch an emergency bond-buying operation, offering to purchase ¥250bn ($1.7bn) of government debt as it works to pin down yields even as long-term interest rates rise globally.

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