国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Direct yuan-yen trading will boost regional financial stability: BOJ

China Daily | Updated: 2012-02-09 07:55

Direct yuan-yen trading will boost regional financial stability: BOJ

HONG KONG - Chinese and Japanese efforts to bypass the dollar by directly exchanging yen and yuan will improve financial stability in Asia, Kiyohiko Nishimura, a deputy governor of Japan's central bank, said on Wednesday.

Financial institutions can reduce settlement risks if the dollar is not needed as an intermediary currency, Nishimura said in a speech posted on the Bank of Japan's website.

"As such, the development of financial and foreign-exchange markets denominated in yen and yuan is an important issue for financial stability, not only for Japan and China but also for the rest of Asia," Nishimura said.

The world's second- and third-largest economies announced plans to promote direct yen-yuan trading in December after a meeting between Premier Wen Jiabao and Japanese Prime Minister Yoshihiko Noda in Beijing.

Direct yuan-yen trading will boost regional financial stability: BOJ

 

A direct and liquid market for exchanging the currencies will also reduce transaction costs, Nishimura said.

The Chinese currency on Wednesday approached an 18-year high against the dollar ahead of a visit by Vice-President Xi Jinping to the United States and as Greece negotiated a rescue.

The yuan rose 0.16 percent to 6.2947 by 1:14 pm local time.

Efforts by China to give its currency a broader global role and reduce dependence on the dollar are being limited by the nation's capital controls.

"It would be implausible to assume that yuan internationalization will be further developed without significant capital-flow deregulation," Nishimura said.

"Strict" regulations on inflows to China "have gradually become an obstacle to the further development of offshore yuan markets", he said.

In his speech, the official also highlighted the potential for Japanese government bonds to be a benchmark for Asian markets, playing the same role as German debt in Europe.

Bloomberg News

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
蒲江县| 塔城市| 乐安县| 南京市| 丽水市| 永清县| 聂拉木县| 大竹县| 长沙县| 邵武市| 永宁县| 常德市| 枣强县| 会理县| 锡林浩特市| 绥棱县| 镇远县| 荔波县| 苏尼特右旗| 合水县| 嵊泗县| 湟中县| 三门县| 焦作市| 汶川县| 翼城县| 闸北区| 会昌县| 江陵县| 施秉县| 苗栗县| 肥东县| 祁门县| 德化县| 旌德县| 沅江市| 仪陇县| 长寿区| 青龙| 运城市| 逊克县|