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
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Tokyo
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 called Wang, who declined to give his full name but was happy to show off his purchases - a face-massaging tool and electric thermos. "Exchange rates are important," he added, as the currency market determines what he can afford with his daily shopping budget equivalent to US$800.
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