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ADB chief warns of yen pressure from Japan’s too-slow rate hikes - Regional Media News
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ADB chief warns of yen pressure from Japan’s too-slow rate hikes - Regional Media News
By Leika Kihara WASHINGTON, April 18 (Reuters) - The yen may come under further pressure if markets see the Bank of Japan as being too slow in addressing inflationary risks, Asian Development Bank President Masato Kanda said. Investors buy dollars in times of global stress in part because the U.S. is an oil exporter, but even when such positions are unwound the yen fails to rise much against the dollar, Kanda, who was formerly Japan's top curren…
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