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Stocks and US Dollar Dive in Tokyo Trading

Stocks and the dollar took a hammering in Tokyo Thursday after Japan's central bankers kept monetary policy steady. "Japan's economy is likely to expand moderately as a trend," the central bank's governor, Harukiko Kuroda, told reporters following the market close. Although the Bank of Japan (BOJ) inaction was widely expected it still sent the Japanese currency soaring. The yen has recently emerged as a safe haven for jittery investors amid concern about the...

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