As tensions over China’s push into high-tech manufacturing flare, analysts warn that it’s only a matter of time before China follows Japan’s lead in competitive currency devaluations.
Will Beijing’s embrace of high-tech manufacturing cause a full-blown Asian currency war to erupt?
That’s the question in foreign currency markets as the Japanese yen plumbs its lowest level since 1990.
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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com
