(Tokyo) — China and Japan should encourage more use of their local currencies in settlements of bilateral trade and investment, as global trade friction has increased volatility in foreign exchange markets and the cost of using third-party currencies, a Chinese central bank official said Thursday.
China and Japan Should Promote Use of Own Currencies Amid Global Trade Friction, PBOC Official Says
2019年11月29日 20:15
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Settlements without third-party currencies allow businesses to better manage exchange rate risks, Huo Yingli tells forum in Tokyo
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- Huo Yingli, director of the macroprudential policy bureau of the People’s Bank of China, speaks to a forum in Tokyo on Nov. 28. Photo: Bank of China
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