BY TAKASHI NAKAMICHI AND LINGLING WEI
The Chinese and Japanese governments on Sunday unveiled a broad, innovative package of financial agreements designed to tighten ties between the world's second- and third-largest economies, moves that could elevate the yuan's status as an international currency and solve foreign-exchange headaches for Japanese companies doing business in China.
The policies also are aimed at reducing the use of U.S. dollars in trade between the two countries, possibly curbing the American currency's role in the world's fastest growing region.
The agreements include a plan for a Japanese government-backed entity to sell yuan-denominated bonds in China, a boost to Beijing's campaign to ...
BY TAKASHI NAKAMICHI AND LINGLING WEI
The Chinese and Japanese governments on Sunday unveiled a broad, innovative package of financial agreements designed to tighten ties between the world's second- and third-largest economies, moves that could elevate the yuan's status as an international currency and solve foreign-exchange headaches for Japanese companies doing business in China.
The policies also are aimed at reducing the use of U.S. dollars in trade between the two countries, possibly curbing the American currency's role in the world's fastest growing region.
The agreements include a plan for a Japanese government-backed entity to sell yuan-denominated bonds in China, a boost to Beijing's campaign to ...
Source: http://online.wsj.com/article/SB10001424052970203479104577119961336456568.html?mod=asia_home
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