China's bank chief criticises low value of yen

CHINA - The governor of China's central bank offered an unambiguous criticism on Tuesday of the Japanese yen's recent depreciation, saying it was putting pressure on the Chinese currency and would bring no good to Japan or the rest of Asia.

But Dai Xianglong, governor of the People's Bank of China (PBOC), said that despite the pressures Beijing would keep its currency stable. He then made what some analysts regarded as a slight qualification of this pledge by saying that the mechanism by which

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