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Kan wants weaker yen


Kan wants weaker yen


Japan’s new finance minister, Naoto Kan, has called for a weaker yen.

At his first news conference Kan said he will work with the Bank of Japan to achieve an “appropriate” level.

The unusually explicit remarks from a Japanese finance minister prompted the yen to slide sharply against the dollar.

Kan said the cabinet will work on a financial framework for Japan’s long term economic recovery.

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