Tanigaki says China to benefit from currency move

Japanese Finance Minister Sadakazu Tanigaki told reporters on Friday 10 June that his recommendation was that the Chinese government scrap the yuan's dollar peg system.

``It would be better for China and the world economy if the Chinese yuan were a bit more flexible,'' Tanigaki told reporters in Tokyo Friday before leaving for London to attend a meeting of finance ministers of the Group of Seven and Russia this week.

People's Bank of China Governor Zhou Xiaochuan said 7 June that large inflows