Yen holds onto pre-fiscal year-end gains as funds keep money at home
MARKET NEWS
TOKYO -- The yen held on to some of its pre-fiscal year-end gains last week, as an expected exodus of Japanese funds failed to materialise. Data released by the Ministry of Finance (Mof) showed net capital outflows from Japan between April 1 and April 5 were around ¥300 billion -- around the same as the weekly current account surplus and no higher than usual.
Analysts said funds had kept money at home, as expectations of global economic recovery had given them hope that the Nikkei 225 -- Japan's
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