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(YURIKO NAKAO/REUTERS)

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Japan’s entry to currency war opens messy new front

Yen trash-talking in Japan has pushed the currency down some 12 per cent against the dollar since September. But the world’s third-largest economy is a Johnny-come-lately. It belatedly joins a long list of nations which hope that weaker currencies will beat down economic woe. Opening another front at this point makes this currency war more dangerous.