China’s Shanghai and Sendai in Japan’s north are linked by a twice-weekly three-hour flight. The cost? About £400 or, Rmb3,800, or ¥63,000.
In the broader currency stratosphere, the link between Shanghai and Sendai has greater resonance, offering as good a guide as any to prospects for the global economy and market stability.
Twelve weeks ago, at a G20 summit in Shanghai, the world’s big central banks worried about a highly volatile market and how to make monetary policy work.
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