Market News
Japanese Yen Slides as Investors Await Spending Package - BARRON'S
The Japanese yen was sliding against the dollar on Wednesday, while government bond yields climbed as investors fretted about a large fiscal package from Tokyo. The yen fell 0.4% to ¥156 per dollar, and the yield on the 10-year Japanese government bond rose 2 basis points to 1.77%. The moves came with Prime Minister Sanae Takaichi expected to roll out a fiscal spending package worth about ¥17 trillion yen ($109 billion), in a bid to boost the Asian country's faltering economy.
