You are here

Yen slide drawing China, S Korea flak

But neither Beijing nor Seoul has attempted currency market intervention

BT_20131231_ARYEN31_895367.jpg
Downwards: The yen fell to 105.415 against the US dollar at one point yesterday. - PHOTO: BLOOMBERG

ALREADY in political hot water with its neighbours over Prime Minister Shinzo Abe's controversy-provoking visit last week to Tokyo's Yasukuni Shrine, Japan is ending the year in a burst of economic flak from China and South Korea over the rapidly depreciating yen. As the yen hit a new five-year