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Real-time News
USD/CNY reported 7.1891, up 5 points (RMB depreciation); EUR/CNY reported 7.4527, down 167 points; HKD/CNY reported 0.92389, down 1.5 points; GBP/CNY reported 8.9045, down 472 points; AUD/CNY reported 4.4931, down 154 points; CAD/CNY reported 5.0359, down 131 points; JPY/CNY reported 4.5961, up 17 points; RMB/RUB reported 13.9473, down 3062 points; NZD/CNY reported 4.0722, down 84 points; RMB/RMB reported 0.62121, down 9 points; CHF/CNY reported 7.9210, down 154 points; SGD/CNY reported 5.2899, down 29 points.
Hang Seng Index futures opened up 0.05% at 19,315 points, 74 points higher than the previous session.
Japans Economy Minister Ryo Akazawa said the countrys economy is at a "critical stage" and needs to eliminate the publics deflationary mindset and shift to a growth phase driven by higher wages and investment.
Japanese Economic Revitalization Minister Ryomasa Akazawa: Once we are able to declare an end to deflation, we can stop using the tools we have prepared to combat deflation.
Japanese Economic Revitalization Minister Ryomasa Akazawa: When deciding whether to declare complete escape from deflation, the key is to ensure that Japan does not fall into deflation again.