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MNI: Japanese officials to meet on Yen's Rise, Nikkei Dives

     TOKYO (MNI) - Bank of Japan, Ministry of Finance and Financial Services
Agency officials will meet from 1345 JST (0445 GMT) on Monday to exchange views
amid the yen's rise and the sharp fall in the Nikkei stock index.
     The officials meet periodically to exchange views on global financial
markets and Monday's meeting is the first since Thursday.
     As of 1307 JST (0407 GMT), the Nikkei stock index was at 20,594.05, down
493.11 points or 2.34% from Friday's close.
     The dollar traded at around Y106.02, down Y0.57 on Friday's close due to a
narrowing interest rate gap between the U.S. and Japan.
     Yields on the 10-year Japanese government bonds are at -0.195% after
briefly falling to -0.200%, the lowest level in three years.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: MMJBJ$,M$A$$$,M$J$$$,MN$FX$]

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