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The Nexus
BUSINESSJul 16 · 04:48 UTCASIA TIMESIrvan Maulana

As the yen sinks, Asia’s monetary anchor subtly shifts to yuan

Indonesian Finance Minister Purbaya Yudhi Sadewa met with Chinese authorities who pledged to fast-track a $1 billion renminbi-denominated panda bond. The Asian Infrastructure Investment Bank also committed to supporting the initiative, signaling a shift in Asia's monetary anchor from the yen to the yuan.

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Mentioned
Purbaya Yudhi SadewapersonChina’s finance ministryorganizationPeople’s Bank of ChinaorganizationAsian Infrastructure Investment BankorganizationPanda BondtopicYentopicyuantopicIndonesiaplaceBeijingplace
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As the yen sinks, Asia’s monetary anchor subtly shifts to yuan · The Nexus