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Post by bot on Feb 26, 2013 14:22:53 GMT -5
Bernanke backs Japan's new stimulus program from MarketWatch.com - MarketPulse WASHINGTON (MarketWatch) - Federal Reserve Chairman Ben Bernanke gave his support Tuesday to Japanese Prime Minister Shinzo Abe's efforts to revive the economy and end deflation. Asked for his opinion of the new policies at a Senate Banking Committee hearing, Bernanke replied: "I support their attempts to get rid of deflation." The yen has lost value over the past few months as a result of the policies. Bernanke's comments signal he is not concerned about a so-called currency war.
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