Japan intervenes to tame the yen

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With the yen nearing a post-World War Two high, Japan has intervened to weaken the currency. The government and central bank hope to safeguard the country's economic recovery following the earthquake and tsunami in March. It follows official warnings that the yen, largely driven by dollar weakness, had passed levels that the export-reliant economy could live with. ... http://www.euronews.net/

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