The Japanese central bank’s decision to enlarge its asset-purchase fund to 55 billion yen was forecast by five of 21 economists surveyed by Bloomberg News. The bank kept its benchmark interest rate between zero and 0.1 percent.
Finance Minister Jun Azumi said the stimulus was bolder than expected and “very much welcomed” by the government, after calls from some lawmakers for the BOJ to do more to spur growth and counter entrenched deflation.
The impact from the central bank’s actions were limited by the rising tensions between the nation and China, Jack Spitz, managing director of foreign exchange at National Bank of Canada in Toronto wrote to clients.
South Africa’s rand fell against all 16-major counterparts as violence continued at platinum mines even after an illegal strike ended at Lonmin Plc’s Marikana site.
The rand sank 0.7 percent to 8.2366 per dollar.
Australia’s dollar may extend its slide from a six-month high set last week as sentiment toward the currency remains “fragile,” according to Oversea-Chinese Banking Corp.
A decline below its 55-day moving average of $1.0396 may send the currency toward the 200-day moving average at $1.0331, according to Singapore-based analysts led by Selena Ling.
The so-called Aussie fell 0.1 percent to $1.0451 after rising to $1.0625 on Sept. 14, the strongest since March 20.