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EL PAÍS
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- 1Japan moves to prop up the yen with US backing●Operation Save the Yen: Japan partially turns off the cheap money tap, with a little help from its ‘American friend’
Japan is partially ending its era of ultra-cheap monetary policy in an effort to support the ailing yen, according to El País. The report frames the move as 'Operation Save the Yen' and suggests Washington's support played a role. The step marks a significant shift for the Bank of Japan after years of negative rates and massive stimulus, with markets watching closely for further tightening.