August 5th, 2005

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Yen falls on worries about Japan reform bills

TOKYO, Aug 5  - The yen hit a three-month low against the euro and fell versus the dollar on Friday as more Japanese lawmakers were seen opposing reform bills whose rejection could lead to a snap election.Hirofumi Nakasone, an upper house member of the ruling Liberal Democratic Party who had been seen among swing voters, told party leadership that he would oppose the bills to privatise the nation’s vast postal system. (more…)

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