1. Tokyo Signals Support For Yuan.
- Author
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Wei, Lingling, Davis, Bob, and Nakamichi, Takashi
- Subjects
- *
FOREIGN exchange , *RENMINBI , *JAPANESE yen , *U.S. dollar , *INTERNATIONAL economic relations ,CHINA-Japan relations - Abstract
The article focuses on a currency agreement between China and Japan that will give the Chinese yuan a greater role in international trade. It states that Japanese Prime Minister Yoshihiko Noda announced a series of deals that promote direct yuan-yen trade rather than converting currencies initially to U.S. dollars. It mentions that the U.S. government has encouraged China to seek an enhanced role for the yuan in hopes that China would in turn revamp its financial sector policies.
- Published
- 2011