Japan will buy 65,000,000,000,000,000 yuan ($ 10.3 billion), a sign of confidence in the Chinese currency as an international currency.

Despite the fierce political disputes between the two neighboring countries, Japan is economically increasingly integrated into China's growing economy. The two countries have the world's largest foreign exchange reserves, with China holding $3.2 trillion and Japan holding $1.3 trillion.
Japan and China agreed at a summit in December that they would strengthen financial cooperation, including greater use of the yuan and yen in bilateral trade, as well as Tokyo's purchase of Chinese government bonds. Beijing has agreements with a number of countries (Malaysia, Belarus and Argentina) to use the yuan in trade and other transactions. In 2011, the yuan accounted for 9 percent of China's trade turnover.
Foreign investors can only invest in China's stock and bond markets under the QFII program. The government has allocated $ 24,550,000,000 such quotas to nearly 130 institutions for this purpose. Nigeria, in September, wanted to diversify up to 10 percent of its $ 34 billion foreign exchange reserves in yuan, while media reports said Malaysia also bought yuan-denominated bonds in the same month.
It is unlikely that the yuan will one day become a reserve currency. China, which produced about 5.8 trillion dollars of gross domestic product in 2010, and the US- $ 14.5 trillion, is unlikely to become the world's top economy until 2030.

Based on foreign press for ForTrader.org