Yen Internationalization Research-Lessons And Enlightenment

With the economic development, the deepening of globalization, the internationalization of RMB is bound to result in the direction. The benefits of the internationalization of RMB is obvious:first, to give the country an international currency will generate substantial seigniorage, and secondly, can make currency exchange rate stable, to avoid the risk of economic fluctuations, to facilitate the financing investment, ect. But there are many international monetary lessons should we draw inspiration, in which the yen internationalization process is worthy of study and concern, providing a more intuitive enlightenment in internationalization of the RMB in China.Ever since Japan became the world's second largest economy, it has been committed to the advancement of the work of Yen Internationalization. However, because of the lack of international long-term strategic initiatives, while subject to many constraints, the process of the Yen internationalization policy has always been a mixture of confusion and ambiguity of policy arrangements. This allows the yen showed obvious stages of internationalization features, relating with the changing of Japan's external economic environment.The scope of this study focused on the process of internationalization of the yen and the main mechanism of the process. With the further evolution of history, the content of international yen become richer and more profound content. The historical review of the process of internationalization of the yen, clear the characteristics of the yen and the international history of losses and gains. The objective and scientific research on yen internationalization has very important meaning to us, which can provide lessons and implications to the internationalization of the RMB.