Japan's economic plan 'backfiring' as yen surges
by Martin Farrer and agencies from Economics | The Guardian on (#19RS2)
The currency hit a fresh high of 107.6 against the dollar, threatening government hopes of stronger growth and raising prospect of forex intervention
Japan's finance minister Taro Aso has ratcheted up the warning against a rapid rise in the yen as the country's ultra-dovish monetary policy implodes and threatens to condemn the economy to continued stagnation.
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