Yen's surge against US dollar revives deflation jitters
by Larry Elliott from Economics | The Guardian on (#19TAC)
Japan's currency has gained 12% against the dollar this year, increasing pressure on the Bank of Japan to take action
Fears that Japan's anti-deflation strategy is unravelling have intensified after a sharp rise in the value of the yen against the dollar prompted a concerted attempt by policymakers in Tokyo to talk down the value of the currency.
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