Gold prices inched up on Tuesday as investors waited to see if, as widely expected, the Bank of Japan would shift to a more aggressive monetary stimulus at the end of a policy meeting, while brushing off a tax hike on Indian gold imports.
New Japanese Prime Minister Shinzo Abe unveiled a cabinet stacked with close allies on Wednesday, kicking off a second administration committed to battling deflation and coping with the challenge of a rising China.
The dollar hit a fresh 3-1/2-month high against the yen on Wednesday and was seen extending its recent gains as the Bank of Japan's easing steps the day before helped trigger more stop-loss buying.
On top of the BOJ's expansion of
The Bank of Japan (BOJ) forecast the economy will contract in the current fiscal year but kept monetary policy steady on Tuesday, expecting that exports to emerging markets and spending for reconstruction after last year's earthquake will help fue
The dollar slumped to three-year lows on Thursday, pushing US crude Oil to a 2-1/2 year high, while Asian stocks rose as investors bet that the easy US monetary policy will continue to drive money to riskier assets.
The Bank of Japan (BOJ)
Bank of Tokyo-Mitsubishi has joined Dubai World's creditor committee, delaying the conglomerate's debt standstill proposal and making an agreement unlikely before the end of the month, bankers familiar with the situation said.
Any recovery in the world economy will be mild as it will take a considerable time to get rid of excesses that built up during the boom years, the governor of the Bank of Japan (BOJ) said on Monday.
Speaking just a few days after the centr
Japan has edged back into deflation, less than two years after it last escaped it, and joblessness is rising at a record rate, according to a report.
This has added to the strains for the Japanese economy even as hard-hit manufacturers sho