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Yen Weakens Again Despite Japanese Government's Warnings

Yen Weakens Again Despite Japanese Government's Warnings

The yen slipped Tuesday, suggesting the Japanese government's efforts to prop up the currency have had limited impact. Data released Tuesday by the Bank of Japan suggested the intervention amounted to tens of billions of dollars. Masato Kanda, who is in charge of currency intervention as vice finance minister for international affairs, said Tuesday that Japan was ready to act in the foreign-exchange market 24 hours a day.