Asia Daily Flash | 29 May 2012: China and Japan announce yuan-yen direct trading; More subsidies, reforms announced as China seeks to support economy;Philippines rating outlook upgraded by Moody’s; momentum building
Published on Monday, May 28, 2012
Asia Daily Flash | 29 May 2012: China and Japan announce yuan-yen direct trading; More subsidies, reforms announced as China seeks to support economy;Philippines rating outlook upgraded by Moody’s; momentum building
Summary
Today, China and Japan announced they will begin direct trading of their currencies in Shanghai and Tokyo on June 1st.
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BBVA Research
BBVA Research