Comparative Research Of Japanese Yen Internationalization And RMB Internationalization

As a growing economic power, China's status and role in the global economy continue to improve. Accordingly, the status and role of the RMB will subsequently improve. The smooth progress of internationalization of the RMB would not only bring to China eigniorage income, reduce transaction costs and trading risks, more importantly, the internationalization of the RMB can effectively improve the Chinese economy status and "soft power", which in turn will eventually further promote China's economic development.From the current situation, China's economic development created certain economic basis of the internationlization of RMB. in the ASEAN region, the RMB can be used in many countries, in a few areas, the RMB has become an important position in the currency.However, that does not mean that the RMB has been fully equipped the internationlization conditions. In China, financial market development, capital account liberalization and other aspects of the existence of the factors restricting the internationalization of RMB.T he situation we faced is similar to that of Japanese in the late 1980s.the paper will comparative the conditions of RMB's internationlization with that of Japanese from the stengths and weaknesses of conditions.Learning from the experiences and failures of Japan,to formulating the China's current policy of internationlization of RMB.