Beijing in yen warning

PUBLISHED : Wednesday, 10 June, 1998, 12:00am
UPDATED : Wednesday, 10 June, 1998, 12:00am

The falling yen is having a 'very negative' impact on the mainland's exports, capital inflows and economic restructuring, central bank Governor Dai Xianglong warned yesterday.

His remarks, the first to acknowledge the extent of the damage the yen is inflicting, once again put the mainland's currency stability in the spotlight. Share prices of mainland companies fell as a result.