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The U.S. government has made a “major change” in its foreign-exchange policy that will keep the greenback inside the ¥100 to ¥110 range, Eisuke Sakakibara, Japan’s former top currency-policy official, said Monday.

“It was a major change in U.S. foreign-exchange policy,” Sakakibara said in an interview in Tokyo. “There has been a shift of their position because of inflation. They are now talking about intervention.”

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