ECB's Quaden says yen, yuan weak v euro

The Japanese yen and the Chinese yuan are undervalued against the euro, European Central Bank governing council member Guy Quaden said Thursday 15 February.

"Their evolution isn't entirely in conformity, to say the least, with the state of current accounts of these two countries," said Quaden, who is also governor of the Belgian central bank. He was presenting a report on the Belgian economy.

Quaden repeated the ECB's warnings against rising inflation risks, saying he had "nothing to add" to T