China Repeats Support of Yuan
Chinese President Jiang Zemin reiterated Sunday to the visiting Japanese foreign minister that Beijing is determined to avoid devaluing its yuan currency, a Japanese official said.
Jiang told Foreign Minister Masahiko Komura that Beijing would continue efforts to keep its currency stable, despite the financial crisis that had spread from Southeast Asia across the region, the official said.
The Chinese president requested that Prime Minister Keizo Obuchi’s administration “stabilize Japan’s financial markets to contribute to the solution” of Asia’s crisis, the Tokyo official said.
The main purpose of Komura’s first trip abroad since his appointment last month was to prepare for Jiang’s visit to Japan in September.
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