What’s new: Business and financial

What’s new: Business and financial

Updated September 23, 2022 12:01 PM ET

Central banks moved around the world to combat the effects of a rising dollar and rising inflation, joining the Fed to risk a recession to curb rising prices.

Japan intervened in the foreign exchange market to support the yen for the first time in 24 years, shortly after the BOJ confirmed it would maintain ultra-low rates.

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