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Since reaching a long-term high against the U.S. dollar in late 2011, the yen has lost almost half its nominal value, recently plunging to levels not seen since the early 1990s.
Two weeks ago, however, the Bank of Japan raised the target range for its policy rate, from -0.1% – 0.0% to 0.0% – +0.1%.
Is Japan’s winter thawing? Could the yen be about to blossom at last?
By Brad Tank, Ugo Lancioni, & Toyaj Singh
Strong forces still weigh on Japan’s currency, but its long, cold winter may be coming to an end. ...