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PR Newswire
31-12-2013, 09:59 AM
Falling Yen triggered anxiety among its neighboring countries...
China, South Korea alarmed as yen slide threatens exporters
SEOUL — China and South Korea’s anxiety over the rapidly falling yen came to the fore yesterday as senior officials said their exporters could be hurt by Japan’s attempts to pull its moribund economy out of a two-decade slump.
So far, Chinese and South Korean officials have refrained from direct action to maintain competitiveness, such as intervening by buying dollars in currency markets, but there is a risk of a response if their export sectors are severely hampered.
...
http://www.todayonline.com/business/chin...-exporters
China, South Korea alarmed as yen slide threatens exporters
SEOUL — China and South Korea’s anxiety over the rapidly falling yen came to the fore yesterday as senior officials said their exporters could be hurt by Japan’s attempts to pull its moribund economy out of a two-decade slump.
So far, Chinese and South Korean officials have refrained from direct action to maintain competitiveness, such as intervening by buying dollars in currency markets, but there is a risk of a response if their export sectors are severely hampered.
...
http://www.todayonline.com/business/chin...-exporters
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