Japan Sells Yen to Defend Economy, Acting Alone in Intervention, Noda Says
From bloomberg.com
Japan intervened in the foreign- exchange market to sell yen, Finance Minister Yoshihiko Noda told reporters today in Tokyo. The nation acted alone, and was in touch with other countries, Noda said. The Bank of Japan separately said in a statement that it will end its policy meeting today, one day early. Noda said that he hopes the central bank will take appropriate action.
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