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Japan spent $74 billion defending the yen — analysts say it won't be enough
Japan has spent $74 billion on currency intervention to prop up the yen, but analysts say the effort is unlikely to reverse its losses as long as wide U.S.-Japan interest rate differentials continue to support the dollar. The real driver of the yen's weakness, investors argue, lies with the U.S. Federal Reserve's policy rather than Tokyo's spending.
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