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Al Jazeera
Al Jazeera
Business

Japan signals it may prop up yen after currency falls to 38-year low

Japan Shunichi Suzuki the US Federal Reserve
The yen has lost more than one-third of its value against the US dollar since early 2021 [File: Florence Lo/Reuters]

Japan has signalled it may intervene to prop up the yen after the currency fell to a 38-year low against the US dollar.

Japanese Finance Minister Shunichi Suzuki said on Thursday that authorities would take action as necessary to prevent damage to the economy.

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