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Fed gives tacit nod to strong US dollar on back of rate hikes - The Mainichi

Summary by Ground News

The Japanese yen has continued to decline rapidly against the dollar. The U.S. central bank is expected to continue rate hikes to bring prices under control. The Bank of Japan is maintaining its ultraeasy monetary policy to keep rates low. The recent rapid fall of the Japanese currency has become a headache for the resource-poor country.

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Mainichi Shimbun

Lean Left

Fed gives tacit nod to strong US dollar on back of rate hikes - The Mainichi

WASHINGTON (Kyodo) -- U.S. Federal Reserve Chairman Jerome Powell gave tacit approval Thursday for a stronger U.S. dollar as a result of increased int

3 years ago·Chiyoda, Japan

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Kyodo News+

Center

Fed gives tacit nod to strong U.S. dollar on back of rate hikes

U.S. Federal Reserve Chairman Jerome Powell gave tacit approval on June 23 for a stronger U.S. dollar as a result of increased interest rates to tackle decades-high inflation.

3 years ago·Japan

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