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The yen rose to a 15-year high against the U.S. dollar, and a nine-year peak versus the euro on Tuesday, due to fears the global economy is slowing. Japan's strong currency has hit its stock market hard. The country's Chief Cabinet Secretary insists the government will act when it deems it appropriate.
Yoshito Sengoku, Japanese Chief Cabinet Secretary said "As far as the markets are concerned, we will act at the appropriate time when we believe it will send out the right message."