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Japan issues warning on yen, bond yields as fiscal pressure mounts
Japanese policymakers said on Tuesday they stood ready to act decisively against excessive yen falls while remaining vigilant to rising bond yields that could hurt the economy, highlighting the dilemma they faced in countering unfavourable market moves. Mounting prospects of a Bank of Japan rate hike next week, following hawkish signals from its governor, failed to reverse the yen's declines that boost import prices and households' cost of living. [...]