Tokyo markets make weak recovery as yen continues climb
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Tokyo
TOKYO financial markets have regained some semblance of stability this week, but recovery appears fragile, and Japan will be looking to next week's meeting of G20 finance ministers and central bank governors in Shanghai for assurances of support to rein in the yen's damaging upward climb and to counter other market turbulence.
Finance minister Taro Aso revealed on Tuesday that Tokyo will also urge the G7 group of advanced economies to offer support after both he and prime minister Shinzo Abe had threatened intervention in foreign-exchange markets to curb the yen's "excessive" strength.
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