Jen jako waluta międzynarodowa

Abstract

Internationalization of the yen may be defined as the increased usage and holding of the yen in international financial and commercial transactions (quantitative aspects of internationalization) or relaxation of rules concerning international transactions with the yen (qualitative aspects of internationalization). Although, the extent of internationalization of the yen is presently smaller than that ot the dollar or the Deutschmark with internationalization of the Japanese economy and Japan’s enhanced status in the world economy, requirements for the yen as an international currency to be used in investment and financing by non-residents are on the increase. The Japanese government changed its previous rather conservative stance -regarding the internalization of the yen and set out to implement various measures in order to relax the rules about the Jen funding by non-resident borrowers and develop the Tokyo Capital Market into an international financial center comparable to those of London or New York.