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Japan's pension 'whale' suspected of harpooning the yen

Coronavirus may have convinced Japan to stabilize currency with retirement fund

The GPIF is the world's largest pension fund, so big it has been dubbed "the whale."   © Reuters

TOKYO -- The yen is managing to weaken amid the coronavirus outbreak, escaping the upward pressure that chases the Japanese currency amid global emergencies.

The yen in Tokyo trading on Friday morning weakened to the 110 level against the dollar before slipping into the 109 range.

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