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The excessive strength in the yen that damaged Japanese manufacturing in recent years has now been corrected, according to an ally of Bank of Japan Gov. Haruhiko Kuroda.

“The abnormally strong yen has been corrected,” said Yutaka Harada, who joined the central bank’s Policy Board in March. The currency “may have come to a very good place,” Harada, 64, said in an interview on Thursday in Tokyo.

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