Japan's Asakawa says Chinese economic slowdown is a major global risk

Japan's Minister of Finance across the wires 8 May

• regional safety net helped Asean+3 in 2008
• safety net helped limit impact of financial crisis
• region should use more local currencies in cross-border deals

Headline stating the obvious.

Meanwhile USDJPY 112.73 after failing above 113.00 again with EURJPY supply helping to cap.