Yen strengthens as BOJ decides smaller reductions to bond buying

Yen strengthens as BOJ decides smaller reductions to bond buying Yen strengthens as BOJ decides smaller reductions to bond buying

TOKYO — The Japanese yen strengthened Tuesday after the central bank said at the end of its policy meeting that it would begin slowing the pace of its bond buying next April.

The currency had risen around 0.3% to 144.45 to the dollar as of 1:46 p.m. Tokyo time, following the policy decision.