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weaken the nation’s foreign-exchange rates. BOJ officials will gather for a two-day meeting starting tomorrow. The central bank expanded its asset-purchase program in February and April. Last week, two bond-buying operations failed to attract the central bank’s target for sell offers.
The euro erased losses against the dollar as German Finance Minister Wolfgang Schaeuble said Germany and France will do “everything necessary” to keep Greece in the shared currency. German Finance Minister Wolfgang Schaeuble met with his newly installed French counterpart, Pierre Moscovici, in Berlin today as European Union leaders prepare for a summit meeting in Brussels on May 23.
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