ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

BOJ's lone battle against rising yields accelerates yen's slide

Weak currency risks exacerbating inflation, current account deficit

The Bank of Japan is maintaining large-scale monetary easing even as counterparts at other developed economies start to tighten their monetary policy amid inflationary pressures.   © Reuters

TOKYO -- Struggling to ward off upward pressure on interest rates, the Bank of Japan on Monday tried to defend its ultra-loose monetary policy with bond purchase operations, sending the Japanese currency tanking to a seven-year low.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more