Direct trading between the Japanese yen and the Chinese renminbi has made a sluggish start, checked by fears of a slowdown in China and the spreading effects of a territorial dispute between Asia’s two largest economies.
Six months ago, the simultaneous launch of direct trading hubs in Shanghai and Tokyo was billed by governments on both sides as a way to cement financial ties while reducing mutual dependence on the US dollar.
But with companies reviewing funding requirements amid a steady drop-off in bilateral trade, and with tensions exacerbated over competing claims to a chain of uninhabited islands in the East China Sea, direct settlement between the two currencies has yet to take off.
您已阅读41%（696字），剩余59%（993字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。