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Japan warns of need for stable currency as weak yen lifts input costs
Japan will watch currency movements carefully as exchange rate stability is important, a top government official said on Wednesday, after the yen hit a four-year low against the dollar. The dollar has gained 4.6% against the yen since its latest low hit in mid-September, amid growing bets that the United States will soon start unwinding pandemic-era policy, while Japan looks poised to keep interest rates low for some time.The dollar earlier climbed as high as 114.585 yen for the first time since November 2017. “Currency stability is extremely important, so we’ll continue to watch market moves carefully,” ... (full story)
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