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Japan, China Currency Deal Symbolic Step, Broader Benefits Remain Unclear
Wall Street Journal Japanese Finance Minister Jun Azumi said Tuesday that Tokyo and Beijing will start direct trading of the yuan and the yen on June 1 as part of a broad deal agreed last year to reinforce bilateral financial ties. Azumi said the yen-yuan exchange rate … Direct yen-yuan trading poised to begin China, Japan to launch yuan-yen direct trading Currency deal ushers in a new era |