TOKYO, Feb 2 (Reuters) - The New Zealand dollar fell to an eight-year low against the yen on Monday as a drop in stocks due to global recession concerns prompted investors to cut risky assets.
The New Zealand dollar slid 1.5 percent to 45.00 yen, its lowest since November 2000.
The kiwi was also hurt by the possibility of a further fall in its yield advantage after Reserve Bank of New Zealand Governor Alan Bollard said on Friday that there was room for more rate cuts.