Internationalization of the yen is imperative
Island over the same period the total funds flowing into the U.S. half; Secondly, in Europe, the main supplier of liquidity is not Germany, but the British. West German current account surplus is invested in the European market. Throughout the late eighties, West Germany in the European market is the only credit providers play a role in the national net. On the contrary, despite the large Japanese current account surplus, but the net in the European market is still owed $ 4.5 billion in debt. How could this happen? In fact, the export of capital in two ways: direct transactions (including direct investment and portfolio investment) and through banks in the middle of the transaction. We can trade in Japan is divided into two forms of the output form of capital that the yen and the dollar in the form of Yin output of the output. The mid-1980s, the export of capital development trends worth noting. First of all, from the Japanese trading of securities is the form of yen; Second, direct investment from manufacturers, including two forms, namely, by financial intermediaries paid in U.S. dollars and Japanese yen in the form of investment in the global payments projects in the portfolio equity investment} Furthermore, through financial intermediaries paid in U.S. dollars of capital output, however,
abercrombie uk, the real ability to provide capital to the yen cash output is only direct and portfolio investment, financial intermediaries and can not afford to do to these. Yen cash investment is considered to be a net export of capital from Japan, and Japan, these investments are often an integral part of the surplus. The capital account surplus over the amount of output of financial intermediaries is provided by the funds to be honored. This excess amount that the Bank of Japan lacks a net capital output l of the capacity. As the plant a 53 - kind of the reason why they can not control a large number of worldwide trading volume in yen cash. In fact, in the late eighties, most of Japan's financial intermediaries from Germany to rely on the international flow of means of supply. Means of circulation on the supply side of international, Japan, in the late eighties, as the yen's export of capital to honor those who only played a minor role. Europe's main currency in circulation on the market provided by the West. Now, the worrying is the capital of West Germany's output capacity. Since the reunification of Germany after the economic burden, starting from early 1991, West Germany's current account deficit. In West Germany before the completion of its economic restructuring,
ed hardy shop, expected to provide the funds to other countries is almost impossible. As a result, an obvious conclusion: the European financial market (the main channel of private international capital flows) will soon be plunged into a severe shortage of means of circulation to avoid the plight of the situation, Japan will have to enhance its ability to provide an international means of circulation. Present. There is a growing expectation of official liquidity can be used to help the former Soviet Union and Eastern European countries out of political crisis. To this end: to guide the private international capital flows to developing countries,
abercrombie outlet, especially Asian countries, mechanisms must be strengthened because of geographical and historical reasons,
ed hardy perfume, Japan should be duty-bound to provide funding to the East Asian developing countries. From this point of view, Japan and other East Asian countries on regional cooperation in capital flows is a matter of course. 'But the problem is these capital flows through the U.S. to implement Mao's. Bank of Japan had to rely on financial intermediaries from the European financial markets, the dollar supply. To make the flow of funds from other East Asian countries when Japan. Exchange rate stability, the Bank of Japan's financial intermediaries plum every effort has been in the capital on output. This means that the yen must be international. East Asian regional economic integration in the region has prompted the yen to play an important (the transfer p. 70) a 54 - to be successful, Chrysler to $ 3.5 billion a year trying to meet production and development plans, only just enough to maintain the livelihood of many independent analysts on the company can maintain long expressed doubts. Mr. Iacocca said the interest in the past to find a But some people think that's way out may be elsewhere: namely in Japan. University of Michigan Automotive Research David Cole transport inferred, if Chrysler goes bankrupt, which the Japanese auto manufacturers would be very unfavorable. For example, the Taiwan central bank's official reserves, the yen reserves five years ago only a very small percentage. And now, 800 billion of official reserves, the reserve is 30 yen. Partly due to historical reasons,
abercrombie paris, the yen is too sensitive, so as to obstruct the process of internationalization of the yen. Now given the global shortage of funds in circulation,
abercrombie nyc, the internationalization of the yen is imperative. Translated,
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