China Fund Chief Warns Japan on Yen

Article Excerpt

BY LINGLING WEI

BEIJING?The president of China's giant sovereign-wealth fund warned Japan against using its neighbors as a "garbage bin" by deliberately devaluing the yen, joining a growing number of Chinese officials sounding alarms about a potential currency war.

"I would hope that it doesn't do that as a responsible government," Gao Xiqing, president of China Investment Corp., said in an interview with The Wall Street Journal on Wednesday. He was responding to questions about worries among some finance ministers and central bankers that the new Japanese government would devalue its currency to boost exports at other countries' expense.

"Treating the neighbors as ...

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Source: http://online.wsj.com/article/SB10001424127887324034804578343913944378132.html?mod=rss_world_markets

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