Yen falls, Nikkei surges as Japan gets a new government
TOKYO (Reuters) – The yen fell to a 20-month low against the dollar on Wednesday, buoying the benchmark Nikkei stock average to nine-month highs, as Japan swore in a new prime minister eager to pursue drastic stimulus steps to drive the country’s economy out of deflation. Asian shares and other assets were capped in thin holiday trade, with investors focusing on the fate of U. S. negotiations to avert a budget crunch looming at the end of the year. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply