NZ dollar rises against yen after BoJ makes no drastic changes

NZ dollar rises against yen after BoJ makes no drastic changes
Rebecca Howard
By Rebecca Howard July 31 (BusinessDesk) - The New Zealand dollar rose against the yen after the Bank of Japan made minor policy tweaks rather than any drastic changes. The kiwi rose to 75.82 yen at 5pm in Wellington from 75.73 yen at 8am in Wellington and from 75.44 yen yesterday. It traded at 68.28 US cents from 67.93 cents yesterday The BOJ pledged to keep interest rates “very low” for the time being and took measures to make its massive stimulus programme more flexible, reflecting its forecast that it would take time for inflation...