China Rebuffs Japan’s Criticism of Its Yuan Policy
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China rebuffed Japan’s calls for it to make its exchange rate more flexible, signaling increased tension among Asia’s largest economies on currencies.
It’s “unreasonable” for Japan to criticize China on the value of the yuan considering its trade surpluses with China, Yao Jian, spokesman for China’s Ministry of Commerce, said at a briefing in Beijing today. “China has been acting responsibly on currency policies.”