• The Associated Press


Finance Minister Sadakazu Tanigaki on Tuesday called the surge of the yen against the dollar “speculative” and vowed to fight excessive fluctuations in the currency market.

The dollar has been skidding against the yen since late last year and hit a three-year low of 106.07 Monday in New York. That was the greenback’s lowest level against the yen since September 2000.

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