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Keyword: yencollapses

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  • Japan Aso Says US Should Seek Strong Dollar .

    12/28/2012 4:08:12 AM PST · by BenLurkin · 4 replies
    wsj ^ | Updated December 28, 2012, 6:46 a.m. ET | TAKASHI NAKAMICHI
    Japan's finance minister said Friday that U.S. authorities should seek a strong dollar, making the most straightforward call yet from Tokyo's new leadership on Washington to help correct the yen's strength against the U.S. currency. Taro Aso, citing the U.S. currency's level being still below where it stood versus the yen when he served as prime minister in 2008-2009, said: "The U.S. ought to work toward making the dollar strong." He also played down the notion that the recent efforts by the new administration led by Prime Minister Shinzo Abe to weaken the yen could spark a devastating global race...