ΚΙΝΕΖΟΙ ΚΑΙ ΙΑΠΩΝΕΣ ΞΕΚΙΝΟΥΝ ΑΠΕΥΘΕΙΑΣ ΣΥΝΑΛΛΑΓΕΣ ΜΕ YEN ΚΑΙ YUAN !!!
China and Japan plan to launch direct trading of the yen and the yuan as early as June, a step that could promote the two counties’ trade and financial transactions and push forward yuan internationalization, analysts said Sunday. Several banks of the two countries, including Bank of Tokyo-Mitsubishi UFJ and Bank of China, will start the direct trading in Tokyo and Shanghai, and set exchange rates themselves, the Japanese newspaper Yomiuri Shimbun reported over the weekend. People’s Bank of China could not be reached for comment on weekend. The step follows an agreement between the two countries signed in December 2011, when Japanese Prime Minister Yoshihiko Noda visited China, to push for trading of the currencies. The yen will become the first major