Yen surges as BOJ maintains policy

Asian stocks sink with oil

16th June, 2016
Bank of Japan Pic: Getty

The yen soared and Japanese stocks tumbled after the nation’s central bank refrained from easing monetary policy.

Shares elsewhere in Asia also declined as oil fell for a sixth day, while haven assets including gold and sovereign bonds advanced.

Japan’s currency strengthened past 105 per dollar for the first time since September 2014 and the Topix slid to a four-month low. The MSCI Asia Pacific excluding Japan dropped to its lowest in three...

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