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Japan's Finance Minister Satsuki Katayama declined to comment on potential yen intervention. Speaking to reporters in Samarkand, Uzbekistan, on May 3, she said, 'As finance minister, at this stage I'm not in a position to comment.'

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President Luiz Inácio Lula da Silva's government plans a new credit package allowing renegotiated debts to be paid over up to four years. The program, tentatively called Desenrola 2, covers credit cards, overdrafts and non-payroll personal loans. The announcement is expected by month's end.

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