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The weak yen is putting pressure on the Bank of Japan to tighten monetary policy, analysts say, although it is not expected to hike its main interest rate when it wraps up a two-day meeting on Friday.
With the yen at three-decade lows, speculation has grown that Japan’s government could intervene in forex markets to prop up the currency for the first time since 2022.
Early Friday, one dollar bought 155.58 yen, compared with 155.
