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Japan Inc. rushing to reap gains from weak yen

Companies buying forward contracts to lock in rates

TOKYO -- Japanese exporters are snapping up forward exchange contracts to nail down gains from the yen's rapid declines against major currencies in the past month.

The currency tumbled to the lower 118-yen range against the U.S. dollar at one point, a sharp fall from the above 101-yen level seen just before Donald Trump's victory in the U.S. presidential election. 

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