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TOKYO — Japan’s finance minister has confirmed that the government intervened in the currency market to weaken the yen, which had spiked to 15-year highs against the dollar, hurting Japanese exporters.
The dollar bounced up to 84.36 yen from a low of 82.87 yen earlier today. It is the first time since March 2004 that Japan has intervened in the currency market.
Denver Post staff and wire reports
