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U S intervenes in markets to halt yen slide
The United States and Japan coordinated currency intervention to stop the yen’s decline, lifting markets after a prior drop. Clinton said the action was appropriate, with about $2 billion sold to buy yen and similar Japanese dollar support, while a G7 meeting was planned in Tokyo.
MENTIONED IN THIS ARTICLE
Washington
United States
America
Japan
U.S
Asia
Clinton
Treasury
Robert Rubin
Lawrence Summers
Tokyo
Ryutaro Hashimoto
Hashimoto
White House
Russia
Latin America
Rubin