China Currency Move Will Have Mixed Results in Japan
TOKYO—Tokyo joined Washington and others in welcoming China's decision to increase the flexibility in its currency policy over the weekend. But the close and complex interdependence between Asia's two largest economies suggests the impact could hurt, as well as help, Japan.
Unlike the U.S. and some European economies with huge trade deficits with China, Japan enjoys a relatively balanced trade with the nation. This rules out Japan as an instant beneficiary of the currency ... more
Sunday, 20 June 2010
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