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Japan exporters breathe easier as yen falls, but for how long?
The yen's sharp fall from record highs is taking some pressure off Japanese exporters and the unpopular government, but any further weakening could threaten the country's sputtering recovery by swelling its fuel import bill. A record trade deficit and surprise policy easing by the Bank of Japan earlier this month have combined to trigger the sharpest monthly drop in the yen in more than two years, spurring a rally in stocks of exporters, which have for years been plagued by the currency's stubborn strength. The shrinking of Japan's current account has further shaken confidence in the yen, which used to be seen as one ... (full story)
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