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Catch a falling yen

FT News Briefing

Why the Bank of Japan Is Not Taking Action on the Yen, Katie?

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Why dump dollars from their reserves instead of just raising the interest rate to strengthen the currency? It's a good question on a couple of fronts. The impact of a much weaker Yen is actually quite mixed around Japan. Some companies are saying this is incredibly painful for the dollar-denominated commodities that we have to buy in. But the reason why the authorities decided, okay, enough was that it was just one-way traffic.

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