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Dollar rises as Aoki failure raises concerns over contractors.

Publication: Japan Weekly Monitor
Publication Date: 10-DEC-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Dec. 6 Kyodo

The U.S. dollar rose against the yen in Tokyo on Thursday, as the filing for court protection by midsize construction firm Aoki Corp. fueled concerns about the fate of major construction firms and the health of major banks to be hit by resultant loan losses.

Shortly after midday, the market responded with sharp yen sales to the news that...

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