·How Beijing manages yuan will be key to regional stability
The yen fell to its lowest since 1992against the yuan in late April.
Photographer: Akio Kon/Bloomberg
By Tania Chen and Ruth Carson
May 9, 2024 at 5:25 AM GMT+8
Updatedon
May 10, 2024 at 11:29 AM GMT+8
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As the yen plumbs new lows, someinvestors are pondering an almost unthinkable scenario in a region busybolstering falling exchange rates — a series of competitive devaluations thatstarts a new Asian currency war.
