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Yen slide drawing China, S Korea flak

But neither Beijing nor Seoul has attempted currency market intervention

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 low yesterday against the US dollar and continued sinking against other leading currencies, senior Chinese and South Korean officials expressed alarm at the Japanese currency's slide and suggested that the...

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