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Yen rises to 89.58, highest in 9 months

Posted: September 29, 2009 at 3:50 a.m.

A businessman watches an electronic display showing Monday's closing price of the Nikkei 225 index at the Tokyo Stock Exchange in Tokyo.

A businessman watches an electronic display showing Monday's closing price of the Nikkei 225 index at the Tokyo Stock Exchange in Tokyo.

The yen surged to a nine-month high Monday amid signals from Japan's new government that it will tolerate a strong currency as it seeks to reduce reliance on exports in the world's No. 2 economy.

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Business, Pages 19, 24 on 09/29/2009

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