Surveillance: Mining for Gold with Miletti
Bloomberg Surveillance
00:00
The Importance of Reserve Currency in the Global Economy
China is a huge part of global trade, but they've been attempting to get that stuff invoiced in local currency and try to create competition to the dollar. Look at how the yuan has been trading this year. There's literally outflows in Chinese bonds almost every single month. Even central banks around the world are starting to reduce the C&Y holdings. Where do you see Japan playing out in terms of the global economy?
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