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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (60929)	2/25/2002 1:52:42 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Yen Has Biggest Gain in Seven Days as Japan Trade Surplus Rises By Mari Murayama and Kanako Chiba 02/25 00:23 quote.bloomberg.com Tokyo, Feb. 25 (Bloomberg) -- The yen had its biggest gain in more than a week after a report showed Japan's exports rose in January at the fastest pace in two years, leaving the companies with more money to convert into their home currency. The yen was also helped as Japan's Chief Cabinet Secretary Yasuo Fukuda said the government would provide public funds to banks should ongoing Financial Services Agency inspections of lenders find it necessary. Japan's currency strengthened to 133.86 a dollar from 134.15 in New York late trading Friday, its biggest gain since Feb. 14. It fell 1.2 percent last week. Against the euro, it climbed to 117.10 from 117.37, snapping a two-day loss. ``The trade surplus should support the yen,'' said Marshall Gittler, head of Asian currency strategy at Bank of America Corp. in Tokyo.