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Japan intervenes to prop up the yen for first time in 24 years

Por: CNN Business September 22, 2022

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Tokyo CNN Business  —  Japan tried to shore up the value of its currency Thursday by buying yen and selling US dollars for the first time in 24 years. The yen had earlier plunged to its lowest level since 1998 after the while the Bank of Japan kept its rates in negative territory in a bid to boost its fragile economic recovery. The currency has lost about 20% this year against a . “In the current foreign exchange market, we are seeing... + full article



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