GLOBAL MARKETS-Asia stocks rise, yen falls as BOJ stands pat on rates [Yahoo! Finance]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Yahoo! Finance
of Japan (BOJ) maintained its accommodative monetary policy stance at the conclusion of its two-day policy meeting, while Asian shares rose elsewhere. The BOJ kept its short-term rates steady on Friday, as expected, while removing a reference to the amount of government bonds it has roughly committed to buying each month. The Japanese yen fell shortly after the announcement to the weaker side of 156 per dollar, marking a fresh 34-year trough. It was last 0.25% lower at 156.04 per dollar. Ten-year Japanese government bond futures came off lows. Focus now turns to BOJ Governor Kazuo Ueda's news conference later on Friday for further details of the BOJ's policy outlook. Fears of an intervention from Tokyo to shore up the yen also remained high, given the yen's decline to multi-decade lows against a resurgent dollar. Japanese Finance Minister Shunichi Suzuki said on Friday the country is concerned about negative effects of the weak yen, adding to the slew of aggressive
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