Yen Falls as Japan’s Kan Says He Backs Weaker Currency

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Jan. 8 (Bloomberg) -- Japanese Finance Minister Naoto Kan said on his first day in office that he would welcome a weaker currency, leading the yen to fall against all of its major counterparts. Kan said at his inaugural news conference yesterday that he would like currency markets to "correct themselves further, weakening the yen." Bloomberg's Mike Firn reports. (Source: Bloomberg)

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