Japan provides $100bn credit line to Japanese corporates

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The Japanese authorities have stepped in again to stabilise volatility in the yen.

The finanica Minisitr Yoshihiko Noda has unveiled a new plan that gives Japanese corporates credit lines upto $100bn when trading and investing abroad.

This loans should have a reverse effect on the Yen as exports facing the crunch with the yen reaching new highs against the Greenback.

Central banks have been intervening to protect their currencies and economies suffering.

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