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Yen at around 110 to the dollar a key pain point for Japan firms: Reuters poll

From reuters.com

Nearly half of Japanese firms think the government should start defending the yen at this month's dollar high of 110, a Reuters survey shows, underscoring the threat that rising fuel and other import costs pose to a fragile economy. Over the past two years, Prime Minister Shinzo Abe has sought to boost the economy and cure deflation with bold monetary stimulus that has successfully wrought a much weaker yen. But the yen's descent against the greenback to a six-year low of 110.09 on Oct. 1 - a rapid 8 percent decline over three months - has prompted a chorus of complaints from companies that Abe's medicine could ... (full story)

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