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Japan could intervene over strong yen

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Japan could intervene over strong yen

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Japan is not ruling out market intervention to prevent the yen rising further, government sources say.

Finance Minister Yoshihiko Noda is also talking tougher.

He told reporters he would respond appropriately as needed, an expression he has not used before.

The strong yen is making Japanese goods less competitive and erode exporters’ profits.

The yen is up nearly 10 percent against the dollar so far this year.