Mario Draghi had something new to worry about as he prepared for Thursday¡¯s European Central Bank policy meeting: the euro-yen exchange rate.
The yen approached a six-year low versus the shared European currency after Bank of Japan Gov. Haruhiko Kuroda surprised investors late last week by extending his record stimulus program.
Kuroda¡¯s actions jeopardize the weaker euro that analysts say Draghi needs to reflate the economy, heaping pressure on him to come up with a policy response.
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