Now, many economists and currency analysts are beginning to wonder whether the dollar's sharp declines in recent weeks will push the ministry to attempt another huge intervention. But if the dollar continues its drop, threatening Japan's export-led economic growth, economists and currency analysts say the government could come under increasing pressure to act. On Monday, Japan's finance minister, Fukushiro Nukaga, added to the speculation by calling the dollar's recent declines “excessive” for the first time, signaling growing concern about the currency. Economists point out that any attempt to sway rates could also undermine the efforts by Japan, the United States and other developed nations to convince China to stop holding down the value of its currency, the yuan. read more
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