Yen Hits New 20-Year Low After Bank of Japan Reinforces Low-Rate Policy

Yen Hits New 20-Year Low After Bank of Japan Reinforces Low-Rate Policy

TOKYO—The yen weakened to more than 130 to the dollar on Thursday for the first time since April 2002, after the Bank of Japan reinforced its commitment to low interest rates despite rising inflation. “While central banks in the US and Europe are moving toward monetary tightening or rate increases, the Japanese economy is still …

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