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Yen's continuing climb puts Japanese authorities in a bind

Tokyo wants to curb its rise through official intervention, but risks coming under fire for it

Mr Abe said this week that countries should avoid competitive devaluation and arbitrary intervention in currency markets.


THE yen continued maiming the Japanese economy as it climbed against the dollar and other major currencies on Thursday, and even as a senior government official pledged that Tokyo would take the necessary steps to stem its ascent, markets are assuming a further strengthening of the

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