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.
Currencies
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
Read Next
Latest on Currencies
