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EDITORIAL

Making sense of the soaring yen amid financial market turmoil

Friday, February 12, 2016 - 05:50

DURING the first 11 days of February, the Japanese yen has soared by more than 7 per cent against the US dollar amid turmoil in global financial markets. This was not supposed to happen. On Jan 29, the governor of the Bank of Japan (BOJ) Haruhiko Kuroda surprised the markets by introducing a