Japan to promote direct Asian currency exchanges

TOKYO — Japan’s Ministry of Finance seeks to create a market enabling direct exchanges of the yen and other Asian currencies without using the dollar as an intermediary, an idea that could reduce funding costs for financial institutions and businesses.
( read original story …)


Related Post

Mitsubishi UFJ Financial : Bank Of Tokyo-Mitsubish...
views 50
TOKYO (dpa-AFX) - The U.S. Commodity Futures Tradi...
Most Japan firms favor cautious approach to any To...
views 92
But the Tokyo Stock Exchange has so far shown litt...
U.S., Japan and South Korea in show of force again...
views 44
Fighter jets from the United States, Japan, and So...
Japan's consumers are still in a funk
views 70
GMO manages some 800 billion yen ($7 billion) wort...
Incumbent Yokohama Mayor Hayashi on track to secur...
views 56
YOKOHAMA – Incumbent Yokohama Mayor Fumiko Hayashi...
Japan's finance watchdog urges banks to lend ...
views 66
TOKYO Banks in Japan should focus more on a compan...
Tokyo cops: Man posed as gangster to rob man of ¥5...
views 229
Tokyo Metropolitan Police said on Wednesday. In Ja...
The 25 most high-tech cities in the world
views 44
That may be because manufacturing has become a top...
Filling the gaps in the South Sudan logs
views 40
But one woman is determined to keep the issue aliv...
Japan’s manufacturing sector experienced a b...
views 79
Activity levels across Japan’s manufacturing secto...