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Tokyo tries to talk down the yen after BOJ's Kuroda sparks a rally

Finance Ministry renews an oft-repeated watch for 'speculative activity'

Bank of Japan Gov. Haruhiko Kuroda's comment Friday that inflation is "finally close" to the 2% target was taken by some as a sign that tapering is on the horizon.

TOKYO -- Japanese monetary authorities are trying to tamp down a strengthening yen after a comment by Gov. Haruhiko Kuroda fueled speculation that his Bank of Japan could change course from years of ultraloose monetary policy.

Tokyo will be on guard for signs that "speculative activity" is behind recent movement in the yen, the Ministry of Finance's Masatsugu Asakawa, Japan's top financial diplomat, said Monday after meeting with policymakers from the central bank and the Financial Services Agency.

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