Yen falls after G7 pledge to support Japan
TOKYO (AP) - March 17, 2011 (WPVI) -- The yen has dropped in value following a pledge by Group of Seven major governments to intervene in markets to support Japan's quake recovery.
The Japanese currency fell from 79.45 to the U.S. dollar to 81.26 in early Friday trading. That came shortly after the G7's pledge to intervene in markets to stop the currency's rise, which could hurt Japan by making its exports more expensive.
Japan's Kyodo News agency said the government intervened in currency markets immediately after the joint G7 statement but there was no immediate official confirmation of that.
For emergency information, assistance, and locating family in connection with earthquake in Japan: http://www.facebook.com/l/6b2e3a9CLMNbUwBsOw1jOL8d5aw/www.jhelp.com
Phone numbers in US and Japan:
202 559 4683
800 373 1110
0570 000 911
011 81 90 7170 4769
011 81 90 3080 6711
japan, earthquake, tsunami, japan earthquake, nuclear power, national/world
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