June 8, 2009

Japan wants single Asian currency

The opposition finance minister in Japan, Masaharu Nakagawa is laying out plans for what he sees as a way of uniting Asia with a single currency.

This plan could be put forward if hi party are elected in the next Japanese elections, which must take place before September of this year.

With the dollar not being as strong as it has been, a single Asian currency would give the region strength and stability.

However, as with other attempts to introduce single currencies, the planning is much easier than putting it into action, the Euro is a classic example of this, although how it has turned out proves that a single currency can be effective and work for both business and the ordinary man in the street.

Source [Kopy Me]