Japanese yen weakens 0.6% vs dollar

By Agence France-Presse

Nov 01, 2023 12:19 am

TOKYO: The Bank of Japan (BoJ) announced a minor tweak to its unconventional policy of controlling government bond yields on Tuesday, stopping short of expectations and sending the yen lower.

While most other major central banks have hiked interest rates in a bid to tame prices, the BoJ has stuck with subzero borrowing costs to support the world's No. 3 economy.

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