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The number of countries beating the drum to a global currency war is growing, threatening to derail a global economic recovery that depends on a weaker U.S. dollar, analysts say.
The Bank of Japan surprised markets Tuesday by cutting interest rates to nearly zero, in part to try to cap a red-hot yen while policymakers in several Asian countries are grappling with soaring currencies and are considering imposing limits on trade to try to staunch the bleeding in their export markets.
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