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Story summary
- Growth Strategy Minister Minoru Kiuchi declared the Abenomics-style reflationary era over.
- Kiuchi said Japan has ended monetary easing as prices rise and rates climb.
- Finance Minister Satsuki Katayama reported President Donald Trump raised yen concerns in a meeting with Prime Minister Sanae Takaichi.
- The yen briefly rose to ¥158.33 per dollar after Katayama’s remarks.
- The Bank of Japan raised its policy rate at a meeting attended by Kiuchi.