From Financial Sense
''Last week’s IMF and World Bank meeting in Tokyo failed to
accomplish much especially considering China, the world’s second largest
economy boycotted the event due to the recent disputes over the Diaoyu
island chains in the East China Sea.
Although not much was
accomplished, the meeting highlighted a future economic event that will
transform the world we all live in. That event is the rise of the
Chinese yuan or renminbi as a world reserve currency. Japan sees this coming…and they might be the first nation to publicly
declare their fear of a Yuan World.''
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