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Chinese curb shopping sprees in Tokyo as yuan slides 10% versus yen

Unit may decline further; this may increase deflationary pressure as imports from China become cheaper

Japan is increasingly relying on tourism as businesses cut investment and households curb spending. Visitors from around the world spent 3.4 trillion yen in 2015, according to the Ministry of Finance.


CHINESE tourists tumbling off buses into the Laox duty-free store in Tokyo's bustling Ginza district say the yuan's drop against the yen may make them think twice about splurging during their shopping tours.

"Many things are better than China," said a 27-year-old Beijinger