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Japan's megabanks declare end to yen's four years of depreciation

Trio expects the yen, which has grown in its safe-haven appeal, to end the year stronger than where it started


JAPAN's megabanks are calling time on the yen's four years of depreciation, a blow to Haruhiko Kuroda's chances of reviving inflation and growth.

Bank of Tokyo-Mitsubishi UFJ Ltd, Sumitomo Mitsui Banking Corp and Mizuho Bank Ltd all see the yen ending the year stronger than...

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