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Japan's Ministry of Finance said on Friday it did not intervene in the foreign exchange market in the four weeks ended October 27, despite the yen's steep rise to a six-month high against the dollar.
The ministry, worried about the impact of a strong yen on Japan's export-led recovery, last stepped into the market to sell the Japanese currency on March 16 when the yen jumped to around 108.60 to the dollar.

Copyright Reuters, 2004

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