This year may see great changes in the ren­minbi’s role in the global econ­omy...”

China Daily (Canada) - - FRONT PAGE -

And the yen­may fur­ther weaken as Ja­pan may main­tain its low in­ter­est rates and eas­ing poli­cies in the long term. China’s cur­rency poli­cies­may be fur­ther eased in the newyear, said the re­port.

“Cur­rent cur­rency pol­icy ori­en­ta­tions are not well-matched to the de­mands of the real econ­omy and of the coun­try. Thus liq­uid­ity has not yet flowed from the in­ter­bank mar­ket to the real econ­omy, but in­stead has en­tered the stock mar­ket,”

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