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Yen's slide eases as finance meeting raises hints of intervention

Japan may be long way from yen-buying measures as pace of drop remains modest

A similar meeting held by finance officials was a prelude to a currency market intervention in September.   © Reuters

TOKYO -- The yen's deprecation was halted after a rare meeting of Japan's top financial authorities raised concerns among market players that Tokyo might intervene as it did in a remarkable move last year.

The meeting between the officials from the Finance Ministry, the Financial Services Agency and the Bank of Japan on Tuesday evening was the first since March, when the global financial system was jolted by the U.S. regional banking crisis that saw the collapse of Silicon Valley Bank. 

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