The yen briefly hit a 34-year low against U.S. dollar on Wednesday as expectations settle that the Bank of Japan will maintain a loose monetary policy even after raising adjusting interest rates last week.
The bank has promised to keep policy ‘accommodative’ for businesses after it raised interest rates for the first time in 17 years.
Chris Gilbert reports from Tokyo.
IN: Analysts are saying
OUT: hurt the exchange rate
DUR: 0.50