Weak yen bets rise to highest level since 2007

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Bank of Japan promises to stay the quantitative easing course

Japan can have it all—a weaker yen, a growing economy, inflation of 2% and a sales tax increase to demonstrate fiscal responsibility. Bank of Japan Governor Kuroda said so. That’s what the financial markets in Japan wanted to hear. Especially since the Bank of Japan ended a two-day meeting saying that it remained pledged to doubling the country’s monetary base.