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China faces depreciation decision as dollar surges

With virtually every currency weakening against the U.S. dollar, Chinese policymakers will have to decide whether it s worth resisting the decline of its tightly managed yuan. ....

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Weak yen's effects limited: expert - Taipei Times

The recent sharp weakening of the yen has only had a limited effect on Japan’s key price gauge, a researcher of currencies and prices said.
Since the yen began its precipitous fall against the US dollar in March, it has only pushed up core inflation by about 0.4 percentage point, said Yuri Sasaki, an economics professor at Meiji Gakuin University in Tokyo.
The conclusions of her research back up the Bank of Japan’s (BOJ) stance that currency moves do not sway inflation that much and should not influence the direction of central bank policy.
So far BOJ Governor Haruhiko Kuroda has maintained his ....

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