Japan to curb Yen's rise

Friday, September 10, 2010

The Japanese yen has hit a new 15-year high against the dollar, despite hints that the government will take action to curb its strength.

It rose to 83.4 yen versus the dollar, adding to concerns that the currency's rise was holding back exports and the general health of the economy.

Japan's finance minister had dropped a strong hint on Wednesday that it would act to push the yen lower.
But investors ignored the comments, and continued to push the yen higher.

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