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The widening gap between interest rates in Japan and the US has pushed the yen to a 20-year low against the dollar. The currency earlier fell to about 133 to the greenback — the lowest since April 2002. The yen’s record run of losses has been driven by Japan’s continuing dovish stance. Japan’s government said it is closely monitoring the situation with a sense of urgency. The central bank has maintained interest rates at ultra-low levels despite the rising cost of living.
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