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Markets react badly to Japan's failure to secure its aims at G-7 meeting

Sentiment also hurt by data showing that manufacturing activity in May fell at its fastest rate in more than 3 years

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G-7 finance ministers and central bank governors in a group photograph ahead of their meeting in Sendai on Friday. The host nation was unable to convince its partners of the need for Japan to intervene in currency markets to curb yen strength and for concerted action to boost global economic growth.

Tokyo

TOKYO share prices dropped and the yen gained on Monday in reaction to Japan's failure to convince its G-7 partners at last weekend's meeting of finance ministers and central bank governors in Sendai of the need for Japan to intervene in currency markets to curb yen strength and for

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