Reuters: US Dollar Report: Japan govt: Recent FX moves a reversal of one-sided yen rise

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Japan govt: Recent FX moves a reversal of one-sided yen rise Dec 27th 2012, 02:30 TOKYO | Wed Dec 26, 2012 9:30pm EST TOKYO Dec 27 (Reuters) - Japan's top government spokesman said on Thursday that recent yen declines were a reversal of past "one-sided" gains in the Japanese currency. Yoshihide Suga, chief cabinet secretary under a new government sworn in on Wednesday, also told reporters that the administration will strengthen cooperation with the Bank of Japan to battle deflation and a strong yen.

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