Business
2022.04.29 23:00 GMT+8

BizBeat Ep. 384: Yen’s historic fall after Bank of Japan reinforces low-rate policy

Updated 2022.04.29 23:00 GMT+8
CGTN

The yen weakened to more than 130 to the dollar on Thursday for the first time since April 2002, after the Bank of Japan reinforced its commitment to conduct an unlimited fixed-rate operation to buy 10-year Japanese government bonds at 0.25% every day. In this episode of BizBeat, CGTN's Guan Xin analyzes  reasons and consequences of the depreciation of the Japanese yen.

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