TOKYO -- Bank of Japan Gov. Haruhiko Kuroda triggered a massive yen sell-off against the dollar on Thursday, first by underlining the bank's commitment to loose monetary policy, then by stating that a weak yen is positive for the Japanese economy.
Economy
BOJ stands pat, sparks yen slide to 20-year low of 130 vs dollar
Gov. Kuroda defends loose monetary policy, accuses speculators
Bank of Japan Gov. Haruhiko Kuroda said last week that the central bank should "persistently" continue its aggressive monetary easing, despite an expected rise in inflation driven by surging commodity costs. (Source photos by Koji Uema and pool photo)
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