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Economy

Capital controls for emerging economies become flash point

TOKYO -- Japan and other countries are pushing to put capital controls on the agenda of the Group of 20 finance ministers' meeting later this month in hopes of calming the global market, but a reluctant China may throw a wrench into the proceedings.

     The market buzzed Monday with rumors that 8,000 orders for yuan -- worth a total of $8 billion -- had been placed, considering the currency strengthened by over 1% at one point against the dollar compared with Feb. 5, before the Chinese New Year holidays.

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