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Asia Daily Flash | 6 February 2013: China unveils income redistribution plan; Offshore RMB business begins in Taiwan; Australia retail sales disappoint

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Published on Wednesday, February 6, 2013

Asia Daily Flash | 6 February 2013: China unveils income redistribution plan; Offshore RMB business begins in Taiwan; Australia retail sales disappoint

The Japanese yen continued its slide today, approaching the 94-level against the USD for the first time since May 2010, while the Nikkei surged by 3.8% for the day, reaching a new high for the year.