NZ dollar climbs to 5-mth high vs. yen after Bank of Japan prints more money

Wed, 19 Sep 2012

By Paul McBeth Sept. 19 (BusinessDesk) - The New Zealand dollar climbed to a five-month high against the yen after the Bank of Japan ramped up its money-printing programme in the face of slowing economic growth and continuing deflation. The kiwi climbed as high as 65.65 yen, the highest since Apr. 27, and traded at 65.61 yen at 5pm in Wellington from 65.09 yen yesterday. It was little changed at 82.82 US cents from 82.79 cents yesterday. Japan's central bank expanded its asset purchase programme by 10 trillion yen to 55 trillion yen, and k...

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