Is Japan a Par Base for Asian Reserve Currency?

This is not the first time this has come onto the agenda, albeit in a smaller way during the Asian financial crisis. A man called Sakaki Barra tried to create an alternative to the IMF bailout, which would be money put together by Japan and China. But that didn't happen because America snuffed it out very quickly. We now have Japan, I think, very clearly in the US camp in this growing cold war, not in the Chinese camp. What do you think the role of Japan is in trying to build this as an Asian par base? So many of the real owners of reserves in Asia, whether it be Japan, South Korea, Taiwan, their vested interest is also not