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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on December 27, 2011, 08:58:38 AM

Title: China and Japan Agree to Sidestep US Dollar
Post by: Bindare_Dundat on December 27, 2011, 08:58:38 AM
The attached article from Bloomberg says China and Japan are the second and third largest economies in the world. Maybe we should invade these two nations next.
 
China, Japan to Back Direct Trade of Currencies
 
Japan and China will promote direct trading of the yen and yuan without using dollars and will encourage the development of a market for companies involved in the exchanges, the Japanese government said.
 
Japan will also apply to buy Chinese bonds next year, allowing the investment of renminbi that leaves China during the transactions, the Japanese government said in a statement after a meeting between Prime Minister Yoshihiko Noda and Chinese Premier Wen Jiabao in Beijing yesterday. Encouraging direct yen- yuan settlement should reduce currency risks and trading costs, the Japanese and Chinese governments said.
 
China is Japan’s biggest trading partner with 26.5 trillion yen ($340 billion) in two-way transactions last year, from 9.2 trillion yen a decade earlier. The pacts between the world’s second- and third-largest economies mirror attempts by fund managers to diversify as the two-year-old European debt crisis keeps global financial markets volatile.
 
Continue:
 http://www.bloomberg.com/news/2011-12-25/china-japan-to-prom...
Title: Re: China and Japan Agree to Sidestep US Dollar
Post by: 240 is Back on December 27, 2011, 10:02:53 AM
My sources say it was a direct result of their being offended by the size of Michelle's posterior.

Title: Re: China and Japan Agree to Sidestep US Dollar
Post by: Soul Crusher on December 27, 2011, 10:19:28 AM
My sources say it was a direct result of their being offended by the size of Michelle's posterior.



240 - would you hit it?
Title: Re: China and Japan Agree to Sidestep US Dollar
Post by: 240 is Back on December 27, 2011, 10:22:09 AM
240 - would you hit it?

If you mean "240, would you subscribe to the belief system that a basket including foreign currencies from all over the world is a sound financial investment"?


Then, hell yes, I've been hitting it for years :)
Title: Re: China and Japan Agree to Sidestep US Dollar
Post by: Roger Bacon on December 27, 2011, 11:19:49 AM
lololol    ;D