The depreciation of the Japanese yen has created ups and downs in China, both promoting outbound tourism and the value of renminbi and Chinese assets while also presenting some problems for Chinese exporters, said industry experts. Ever since the beginning of the year, the Japanese currency has depreciated by over 10 percent against the US dollar due to wider interest rate gaps between Japan and the United States, rising volatility in the international market and the loose monetary policy adopted in Japan for a very long time. The yen has also depreciated by over 7.5 percent against the renminbi, or yuan currency. ... (full story)