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Kuroda quells controversy over his yen comment

It had sparked a sudden, sharp correction in the currency's slide

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MR KURODA: "We have absolutely no intention of targeting exchange rate moves or to affect currency rates."

Tokyo

BANK of Japan (BOJ) governor Haruhiko Kuroda sought on Friday to quell the controversy caused by his recent comment that the real effective exchange rate of the yen had fallen to levels not seen since the 1980s. The comment made to Japan's Parliament sparked a sudden, sharp...

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