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TOKYO — Japan's government called for global action to calm currency markets Thursday as it took bold measures to help Japanese companies trying to recover from the March 11 disasters and a rising yen.

The Finance Ministry said it took the drastic measure of intervening in currency markets in order to weaken the yen, which has risen in value by 5 percent in the past month amid investor concerns over skyrocketing debt in Europe and the United States.

Read more at The Washington Times

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