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Greenback climbs to 7-year high against yen
Published Tue, Nov 11, 2014 · 09:50 PM
London
THE US dollar climbed to a seven-year high against the yen on Tuesday after a Japanese government official told Reuters that Prime Minister Shinzo Abe was likely to delay a planned sales tax increase.
The comments came as momentum appeared to be building for Mr Abe to delay the painful measure because of the fragility of Japan's economy and call a snap election, with major parties scrambling to prepare for a possible campaign.
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