Japan has launched a huge intervention in the foreign exchange market for
the first time since 2004 to stem the rise of the yen and head off a
deflation spiral, prompting harsh protests from top US Democrats on Capitol
Hill.
The move is the latest dramatic twist in a world where a growing number of
countries are seeking an economic edge through "beggar-thy-neighbour"
currency policies. It came as Congress held a hearing on China's yuan
suppression amid ever louder calls on Capitol Hill for sanct
