The Yen Internationalization Research

The collapse of the Bretton Woods system, the international monetary system has entered an era of multiple reserve currency. The process of currency internationalization is the process of forming international currency. A country’s currency internationalization is the embodiment of the country’s economic strength and the comprehensive national strength of Japan as an important part of the world economy, affects the development of the world economy. Ever since Japan to become the world’s second largest economy, promote the work has been committed to the internationalization of the yen. However, as the Japanese authorities lack of long-term strategic initiatives on the internationalization of the yen, while subject to many constraints, the yen internationalization process is always mingled with the arrangement of chaotic policy and ambiguous strategy. This makes the yen internationalization path has obvious stage characteristics, and it is associated with the Japanese faced and changes in internal and external economic environment.This paper mainly studies focus to promote the internationalization of Japanese yen range mechanism in yen internationalization process and process. In the process of internationalization of the yen Road, two aspects of international and political and economic environment has great influence on promoting the internationalization of Japanese yen. With the further evolution history, the internationalization of Japanese yen content is more rich, the more profound connotation of mechanism, historical review of yen internationalization process, the main venation of internationalization of the yen and the main mechanism to promote the internationalization of the yen, the general rules and characteristics of clear yen currency internationalization process, objective and scientific study on the internationalization of Japanese yen, the development pattern of the economy of our country and what factors promote the internationalization of RMB has a very important significance to the reality, to provide reference and guidance for the internationalization of rmb.In this paper, the macro economic environment through the analysis of yen internationalization process both in China and abroad, draw the following conclusion.First, the oil crisis prompted the Japanese to accelerate industrial upgrading, and thus provides strong economic strength for the internationalization of Japanese yen; second, the Japanese bubble economy in Japan realized direct internationalization of the yen is not feasible; third, the East Asian financial crisis has accelerated the "FTA Japan strategy", to promote the bilateral or multilateral free trade, so as to "yen area" of the development; fourth, the global financial crisis, debt crisis makes the Japanese consciousness to accelerate the establishment of industrial upgrading and the yen as the basis of the internationalization of the yen. In the analysis of yen internationalization process and basis of promoting factors, gives the suggestions on promoting the internationalization of rmb. First, the overall strategy in the internationalisation of the renminbi, to follow the first regional, international ideas, in accordance with the principle of gradual implementation; second, in the target of the macroscopic economic policy choices, we must adhere to the independent monetary policy and the stable exchange rate policy; third, through industrial upgrading, change the mode of economic growth strong economic foundation, the internationalization of RMB; fourth, actively participate in regional monetary cooperation in East Asia, the regional monetary cooperation to promote the international influence of RMB, and lay the foundation for the further implementation of the international strategy.