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Sinking yen may spur inflation, but the alternatives may be even worse

Sinking yen may spur inflation, but the alternatives may be even worse
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Sinking yen may spur inflation, but alternatives may be even worse

Earlier this month, the Bank of Japan's low-key intervention in foreign exchange markets to prevent further decline of the value of the Japanese yen, reportedly to the tune of approximate ¥8 trillion, had little effect. "The rate had briefly dropped to ¥160 to one U.S. dollar, a level not seen since…

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