Yen surges on possible Bank of Japan shift

The Japanese yen jumped on Thursday as Bank of Japan policymakers hinted the central bank may shift away from its ultra-low interest rate plan and a gauge of global stocks rose after three straight falls as investors assessed the latest round of U.S. labor market data.

The yen surged 2.39% against the greenback , its biggest one-day jump since Jan. 12, at 143.86 per dollar after Bank of Japan Governor Kazuo Ueda added to speculation that the central bank could move away from negative rates by saying policy management would “become even more challenging from the year-end and heading into next year” and indicated several options of what could be on the horizon.

Japan income fundJPMorgan Japan Small Cap Growth & Income (LONJSGI), targets Japan income without compromising on Japanese growth opportunities. This Japan income investing opportunity gives investors access to a diverse and fast growing sector managed by local managers.

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