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Japan May Continue Forex Intervention

Japan is likely to continue its intervention in the forex market.

Japan is likely to continue its intervention in the forex market, Reuters reports. The country’s finance minister Yoshihiko Noda is looking to analyze the impact of the move by Tokyo.

Japan intervened in the exchange-rate market and watered down monetary policy to assist the economy. On Aug. 4, 2011, Japan is estimated to have sold $50.6 billion in an intervention, almost double the amount in the previous solo effort in September 2010.

Click here for the story from Reuters.

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