IMF chief calls for flexible yuan, warns BoJ

The head of the International Monetary Fund said Monday 22 January that greater flexibility in China's exchange rate will help Asian economies cope with potential risks from sharp capital inflows.

"We think the movement we've seen in the (Chinese) currency in recent months, and the recognition by the authorities that not only nominal but also effective exchange rates have to be considered are steps in the right direction," IMF Managing Director Rodrigo Rato said at a symposium hosted by the Bank

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