Yen pressured, Asian stocks subdued
SYDNEY (Reuters) – The yen plumbed a 2-1/2 year low against the dollar on Monday as Japan’s central bank faced relentless political pressure to deliver bold stimulus, while Asian stocks got off to subdued start with Tokyo closed for a public holiday. Prime Minister Shinzo Abe on Sunday said the Bank of Japan (BOJ) must set a 2 percent inflation target and make it a medium-term, not long-term, goal to show markets it was determined to pursue bold monetary easing to end nearly two decades of deflation. His comments emboldened yen-bears, who took a fresh swipe at the currency. That saw the U. S. . . .
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