Nikkei reports on ASEAN members plus China, Japan and South Korea (ASEAN+3) are seeking adding the Japanese yen and Chinese yuan to their multilateral currency swaps, intending to to reduce reliance on the USD.
China is keen, they continue to seek 'internationalisation' for they yuan. A Japanese government 'source' says though that "The yen will definitely be adopted before the yuan should Asian currencies be added to the" initiative.
