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Sep 22, 2022

Japan sells dollars to buy yen

From the BBC World Service: The Japanese government is snapping up its own currency for the first time in decades in a bid to stop the yen tumbling past 24-year lows. Elsewhere in Japan, Honda says it will continue to restrict production into a second month in October as it struggles with supply chain issues. And Beijing’s ongoing zero-COVID strategy comes up against local resistance in China.

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Japanese yen notes.
Japanese yen notes.
Tomohiro Ohsumi/Getty Images

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Japan sells dollars to buy yen