Yen Yuan trade opens

[Joules MM1]

29 May 2012 Last updated at 01:30 GMT

excerpt

China's central bank said the China Foreign Exchange Trade system would launch this trade, starting on 1 June.

http://www.bbc.co.uk/news/business-18245909#?utm_source=twitterfeed&utm_medium=twitter

 

[sinner]

Anyone got fresh numbers on China<->Japan trade? Wiki says $265billion as of 2008.

In comparison, Australia which is the largest exporter to Japan in the world, does about $55-65b as of 2010.

 

[Joules MM1]

good news or indifferent?

http://www.bloomberg.com/news/2012-...-top-forecasts-forex-reserves-decline-1-.html


China New Yuan Loans Top Forecasts; Forex Reserves Decline
By Bloomberg News - Jul 12, 2012 8:06 PM ET