Japan will take 'appropriate' action against excessive yen moves, top currency diplomat says
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Japan's top currency diplomat, Atsushi Mimura, stated that authorities will take "appropriate" action against excessive yen moves, hinting at possible intervention. This follows Finance Minister Satsuki Katayama's remarks on addressing speculative yen falls. The BOJ raised interest rates to 0.75%, but the yen weakened against the dollar, reaching its strongest level in four weeks.
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