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☆ History of Japan's intervention in currency markets
  + stars: | 2022-09-22 | by ( ) www.reuters.com   time to read: +4 min
Here is a timeline of selected moves in foreign exchange markets by the Bank of Japan (BOJ). Sept. 15, 2010 - Japan intervenes in the currency market for the first time in six years, selling yen to stem a rise in the currency after the dollar hits a 15-year-low at 82.87 yen. May-June, 2002 - The BOJ intervenes to sell yen, often supported by the U.S. Federal Reserve and European Central Bank (ECB). Sept 2001 - The BOJ intervenes to sell yen after the Sept. 11 attacks in the United States. The BOJ intervenes to buy dollars and sell yen.
☆ Bank of Canada says inflation still too high, but moving in right direction
  + stars: | 2022-09-20 | by ( Julie Gordon David Ljunggren | Julie Gordon | David Ljunggren | ) www.reuters.com   time to read: +3 min
OTTAWA, Sept 20 (Reuters) - Inflation in Canada remains "too high" but is headed in the right direction, a Bank of Canada official said on Tuesday, adding that the central bank will do whatever is needed to bring price increases back to target. While we're headed in the right direction, that's still too high," Beaudry said in prepared remarks provided ahead of the speech. While some have argued policymakers need to engineer a recession to avoid this, Beaudry said the bank is working to convince Canadians the current period of high inflation is temporary and it will tame surging prices. Still, economists said if consumer and business surveys due out next month show inflation has become more entrenched, the Bank of Canada may have to change its tune. The Bank of Canada has boosted its policy rate by 300-basis points in six months and earlier this month signaled it was not yet done.
☆ If you haven't saved a penny for retirement, Acorns Later might just encourage you to get started
  + stars: | 2020-01-30 | by ( Eric Rosenberg | Stephanie Hallett | Freelance Writer | ) www.businessinsider.com   time to read: +6 min
Acorns Later is a retirement account product from popular investment app Acorns. AdvertisementHow Acorns Later worksAcorns Later helps you open and maintain an Individual Retirement Account (IRA) to save and invest for your future. Joining Acorns Later requires you to also have a standard Acorns account. What Acorns Later costsLike other robo-advisers and managed portfolios, Acorns Later charges a fee to manage your money. AdvertisementThe lowest cost you'll get with Acorns Later is $2 per month, which also includes the basic Acorns account.
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