BIS paper reviews Japan’s attempts to internationalise the yen

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A Bank for International Settlements (BIS) paper published on January 11 shows that while Japan's attempts to internationalise its currency were unsuccessful, it helped reduce regulatory barriers and promoted the free movement of capital.

The paper is one of several that featured in a high-level seminar on currency internationalisation in Seoul in 2009, organised jointly by the BIS and the Bank of Korea.

Shinji Takagi, the paper's author, reviews Japan's experience in its attempt to

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