Investors await Gov. Ueda news conference to gauge future policy path
The Bank of Japan has been tapering its bond purchases since August as part of its decision to normalize its ultraloose monetary policy. (Photo by Akira Kodaka)
TOKYO -- The Japanese yen strengthened Tuesday after the central bank said at the end of its policy meeting that it would begin slowing the pace of its bond buying next April.
The currency had risen around 0.3% to 144.45 to the dollar as of 1:46 p.m. Tokyo time, following the policy decision.
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