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Dollar weakens as U.S. government shuts down

The dollar fell in Asia on Tuesday as the United States lurched into its first government shutdown in 17 years due to a budget standoff. The greenback bought 98.16 yen in Tokyo afternoon trade after U.S. lawmakers missed a midnight deadline to avert the shutdown, down from highs of around…

Japan recovery ‘has paused’, warns central bank

TOKYO — The Bank of Japan said Wednesday that the country’s economic recovery “has paused” because of the slowing global economy, leaving its key rate unchanged at between zero and 0.1 percent. “The pick-up in Japan’s economic activity has paused, mainly due to the effects of a slowdown in overseas…