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Japan’s government props up the yen

as the yen nearly reached 146 to the dollar, Japan’s government stepped in to bolster the currency, by buying yen and selling dollars, the first time it has intervened to stop a slide in the currency since 1998.Japan’s yen started weakening in March and slid past 125 in April, breaking an important psychological barrier. By September, the yen had tumbled past 140, leaving markets to wonder what, if anything, would trigger defensive action. What this a good decision for the Japanese people ?

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