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3.31.2009

Japan looks at one's reflection and admires oneself Let Asian Japanese yen economy enclosed hopelessly

With the deterioration of the financial crisis, the position of U.S. dollar drops suddenly, but what RMB have been got greatly is fixed one's eyes on. Zhou Xiaochuan, president of Bank of China, has pointed out sharply recently " The role that U.S. dollar reserved currency as the world will be eliminated gradually " ,As the sound of China, propose replacing U.S. dollar as the imagination of the international reserve currency through the way that the ultra sovereignty reserves currency on a grand scale for the first time, advise sharply IMF adopts SDR ' Special drawing rights (SDR) Special Drawing Rights) To replace U.S. dollar, become trade currency of 185 member states. Meanwhile, the People's Bank of China in succession and other Central Bank of country sign the currency to exchange frame agreements, and step up setting up the preparatory work of the settlement center of RMB in Hong Kong in full preparation. A G20 meeting mentioning being be held soon, many sounds think what a movement then actually must see G2 overseas, that is to say what a movement depends on China and the United States. The praise highly the position and certainly can't say it is without offspring by the intensity of fixing one's eyes oning of RMB, but can certainly claim to be unprecedented.
Someone say this one all China and the United States the world currency war of one party. Someone says too, it will be that U.S. dollar move towards the decline in 09, RMB move towards surging the first year of an era. These statements are not questions, do not discuss the range in this text, does not go into details here. In fact, had already set up the voice that Asia unified the currency in China after Asian financial storm in 1997. Surf the Net and check " Inferior yuan " This word, can find that quite a lot of clauses and subclauses are suitable for clicking, even there are encyclopaedia websites for " inferior yuan " Have offered the special clauses and subclauses.
As early as a few years ago, China appear " U.S. dollar scene no longer, ' inferior yuan ' can come out " Ask oneself A and think" Japan can join the inferior yuan area " Confidence affirm. The financial crisis this time enables a lot of Chinese to discussing this question the enthusiasm cherished increase. I saw a Chinese's professor and some comments done toward this question of teaching in the department of economics of one university of U.S.A. at this moment, as to this can't help producing the impulse of discussing one's own idea.
This professor says, the country in Southeast Asia lets RMB become inferior wills of yuan, because they know it is impossible for one's own currency to challenge RMB. But Japan will not accept RMB and become Asian unity and close the currency. This professor also says, China is located in the centre of Asia, has border trade with 14 land route neighbouring countries, the circulation of RMB accepted by local people is very large. The professor thinks at the same time: "Japanese yen does not possess such folk advantage of RMB, it can only circulate in the settlement of country and country, though Japan is the first major economy in Asia, Japanese yen is the currency of the complete internationalization, and is stored by various countries, but the Japanese orphan hangs in the sea, its congenital weakness makes it not favoured during the long-term trend. "
Weak tendency of Japanese yen still the day after tomorrow no matter say because " whether Japan orphan hang among the sea " for the moment ,So there is Japanese yen " Not favoured during the long-term trend " "congenital weakness" ,As to one such argument, I feel that it is very difficult to accept. We might as well come to see the geographical position of Britain. Britain is too " The orphan hangs it in the sea " One piece country,however, it have normally " favour on long-term trend " "congenital weakness" Pound sterling the fashionable all over the world for a long time but once,for world hard currency that go everywhere without any hindrance here. Before U.S. dollar emerges, pound sterling is closed the currency by what all parts of the world trust.
I think, close the currency or internationalized currency in unity that the currency of a big country can become one area, there is no decisive or inborn relation with the geographical position of the issue country of this currency. Issue of Japan sight island country very much of it, make visual field of it narrow, the sight lacks the strength of penetrating in world too. Full of one's own pots of bowls wooden dipper basin as what the second economic giant and the first major economy of Asian Japan of world cared about, lack the style that a leader's country there should be and sacrifice spirits.
In middle period of the 1990s, though Japan had already fallen into the foam economic bust state at that time. However, a lean camel is bigger than a horse, its economic strength is still several times as much as China. Remember that a magazine invites me to participate in the discussion at that time. The topic of the discussion is that Asia may set up the economy of Japanese yen to enclose.
A Taiwanese's opinion warmly participating in discussion: "Asia probably sets up the economy of Japanese yen to enclose, and should set up the economy of Japanese yen to enclose. " Asia that is the looking at one's reflection and admiring oneself of Japan, it is impossible to set up the economy of Japanese yen to enclose in Asia. It is because Japan lacks the style that a leader's country there should be and sacrifice spirits not to set up the main reason why the economy of Japanese yen encloses. I clearly remember, the young editress of the magazine office is bringing a pair of eyes which sympathizes with the pitiful one and gazing at me, it seems that she has seen one and lived in modern A Q of Japan.
However, time stand by my sides. Have a media can be and then in Japan now " Whether Asia may set up the economy of Japanese yen to enclose " Such a topic comes to hold the discussion. The ones that said Japan cared about were full of one's own pots of bowls wooden dipper basin, did not consider every possible angle the region or world eyes. Such views and condemnation are rather a bit too acrimonious and too cruel for Japanese. However, you see it in the Japanese behavior of discussing solved in the six nation talks of the nuclear arms of Korea, can know this appraisal on Japan is not groundless criticism definitely.

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