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Japan and India strike currency swap agreement

Japan and India have inked a $15 billion currency swap agreement, the Bank of Japan (BoJ) said on Tuesday. File photo via AFP.

Japan and India have inked a $15 billion currency swap agreement, the Bank of Japan (BoJ) said on Tuesday, in the latest sign of cooperation between the Asian giants. The deal means the pair can swap each other’s currency into US dollars with a maximum value of $15 billion through…

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Japan recovery ‘has paused’, warns central bank

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TOKYO — The Bank of Japan said Wednesday that the country’s economic recovery “has paused” because of the slowing global economy, leaving its key rate unchanged at between zero and 0.1 percent. “The pick-up in Japan’s economic activity has paused, mainly due to the effects of a slowdown in overseas…

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