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Strong yen slowly unwinds, cheering Japan exporters

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The yen has weakened recently as the odds of a rate hike by the U.S. Federal Reserve have increased.   © Reuters

TOKYO -- The yen is slowly coming down from its lofty heights as markets grow more conscious of interest rates gaps between Japan and the rest of the world, giving a lift to the Japanese economy.

While long-term interest rates are rising in the U.S. and Europe, those in Japan are pegged at zero.

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