Tanigaki says yuan revaluation won't push up yen

A revaluation of China's currency wouldn't immediately strengthen the yen, Japan's Finance Minister Sadakazu Tanigaki said on Thursday 12 May.

Tanigaki told a meeting of the fiscal and financial committee of the upper house of parliament in Tokyo that China needs to make changes in its peg of the yuan to the US dollar to achieve stable, long-term economic growth.

China should ``make an appropriate decision'' about its currency, Tanigaki said. He said Japan's policy on the yuan hasn't changed,