Japanese Finance Minister welcomed the initiative relative to China's exchange rate.

Ye Tian Jiayan <P> Japanese Finance Minister announced on Monday for enhanced exchange rate flexibility in China, welcome, saying it would benefit both China and the world economy. .</ P> <P> Ye Tian Jiayan the Finance Ministry on Monday told reporters: "I expect China, Asia and the global economy would benefit. I basically welcome." </ P> <P> Saturday, the People's Bank of China .announced the formation mechanism of RMB exchange rate to promote the exchange rate more flexible, indicating that it has prepared to exit the last 23 months, citing dissatisfaction with the actual multi-country exchange rate peg to the dollar. .However, the Chinese central bank said the yuan's sharp appreciation of the basis does not exist, said it would maintain the exchange rate basically stable, thus excluding the possibility of one-off revaluation of the RMB. .</ P> <P> Japanese Finance Vice Minister Ikeda million years (Motohisa Ikeda), told reporters: "I agree with China's current exchange rate move is to meet the views of the upcoming G20 meeting." "(RMB exchange rate) does not change today, but .RMB exchange rate reform may be a huge impact on the global economy, during which I will pay close attention to its economic impact in Japan. "</ P> <P> Bank the Bank of Japan Masaaki Shirakawa Naoto Kan on Monday with the Prime Minister before the meeting at the G20 meeting. .However, Masaaki Shirakawa declined to dialogue. .</ P>.