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Finance Minister Aso stated strongly that sudden yen strength or weakness is bad and that Japan has the means to intervene, he also attempted to alter market expectations that US opposition will prevent Japan from intervening. Overall, the comments do not significantly change our view that direct intervention to dampen yen strength remains unlikely in the near-term.

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    Who said "All warfare is based on deception."?
    • A. Sun Tzu
    • B. Joseph Stalin
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