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Hints of a yuan versus yen currency war

China has growing economic incentive to let the yuan fall in beggar thy neighbor response to the chronically weak yen

by William Pesek March 25, 2024March 27, 2024

China's yuan is set to rise with the surging yen. Image: Agencies / Twitter

TOKYO – The costs of a chronically weak yen just grew by US$18 trillion as China’s economy, Asia’s biggest, may be joining the race to the bottom. It’s still unclear if the drop in the Chinese exchange rate that began Friday is the start of a trend that would surely rock global markets or just […]