| China is unlikely to embark on a major currency devaluation, despite Japan's move to impose negative interest rates, according to a government-linked economist, even though pressure is mounting from record capital outflows and fears the economy is slowing faster than expected.
The surprise move by the Bank of Japan on Friday has added another layer of uncertainty to global financial markets and pushed European bonds yields to a record low over the weekend, while reducing the likelihood of a March interest rate hike by the United States Federal Reserve...............................................Full Article: Source
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