Japan's currency is facing monstrous downward pressures - and these pressures could affect China's yuan. Godzilla photo: AFP
As the Japanese yen dives toward 150 to the dollar, investors are concerned less about events in Tokyo than in Beijing. Since 2016, Chinese President Xi Jinping has championed a “strong yuan” policy. That was the year the yuan scored a place in the International Monetary Fund’s special drawing rights basket. It put the yuan […]