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Thursday, April 18, 2013

G-20 to again let Japan off the hook over yen plunge.

G-20 finance ministers and central bankers are due to meet in Washington today and tomorrow, when they will reportedly reiterate their commitment to avoiding weakening their currencies in order to gain trading advantages. Japan will again escape criticism despite the yen's rapid fall as a result of the country's aggressive monetary easing policies and rhetoric.

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