Renminbi restrictions pose obstacle to internationalisation of currency, says BoJ’s Nishimura
Kiyohiko Nishimura, a deputy governor of the Bank of Japan, on February 8 said that while renminbi has been increasingly used in cross-border financial transactions, Chinese authorities will need to ease regulations on capital inflows.
At the OECD-ADBI 12th Roundtable on Capital Market Reform in Tokyo, Japan, Nishimura said: "It would be implausible to assume renminbi internationalisation will be further developed without significant capital-flow deregulation. In fact, the current strict
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