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Japan's Noda Says He Will Call for Continued Currency Cooperation at G-7
Japanese Finance Minister Yoshihiko Noda said he will call for continued cooperation on currencies at a meeting of Group of Seven officials today in Washington. “We are going to call for cooperation when necessary, while closely monitoring the currency market,” Noda said at a press conference. The yen was at 83.49 to the dollar at 5:27 p.m. in New York from 83.84 yen late yesterday. The Group of Seven nations last month jointly intervened in foreign-exchange markets for the first time in more than a decade to stem the rise of the yen after the earthquake and tsunami in Japan. The combined yen sales were an ... (full story)