Japan acts to tame yen, follows Swiss move

Started by Reuters, Aug 04, 2011, 05:02 PM

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Reuters

Aug 04, 2011, 05:02 PM
TOKYO (Reuters) - Japan sold one trillion yen ($12.5 billion) and loosened its monetary reins on Thursday, joining Switzerland in efforts to tame currencies buoyed by safe-haven demand from investors fretting about the deteriorating health of the global economy.

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