NZ dollar slips vs. yen as Japanese recovery, Bank of Japan meeting loom

Wed, 13 Feb 2013

By Paul McBeth Feb. 13 (BusinessDesk) - The New Zealand dollar slipped against the yen ahead of Japanese economic growth figures and a Bank of Japan meeting tomorrow, after a Group of Seven nations’ statement indicated concern about excessive movements in Japan's currency. The kiwi fell to 78.22 yen at 5pm in Wellington from 78.72 yen yesterday. It traded at 84.12 US cents from 84.17 cents at 8am and up from 83.50 cents yesterday. Japanese government figures are expected to show the world's third biggest economy grew an annualised 0.4 perc...

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