NZ dollar gains vs. yen after new Bank of Japan governor brings out big guns

Fri, 05 Apr 2013

By Paul McBeth April 5 (BusinessDesk) - The New Zealand dollar is heading for a 3.3 percent weekly gain against the yen after new Bank of Japan governor Haruhiko Kuroda unveiled plans to double the bank's balance sheet in unprecedented quantitative and qualitative easing in a bid to reignite the world's third biggest economy. The kiwi rose as high as 81.59 yen, a four-year high, and traded at 81.40 yen at 5pm in Wellington from 78.06 yen yesterday. The currency fell to 84 US cents from 84.16 cents at 8am and 84.08 cents yesterday. The BoJ'...

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