Renminbi payments double between China and Japan

It eclipses US and Hong Kong dollars while yen stays top

On a roll: the renminbi overtakes the US dollar

The renminbi has emerged as the second most-used currency for Sino-Japanese transactions, more than doubling its share of payments between Asia's biggest economies in two years.

The Chinese currency now accounts for 7% of payments between Greater China and Japan, compared with 3% two years ago, according to Swift. It therefore surpasses both the Hong Kong and US dollars, which were used in greater volumes in 2013.

"Although the Japanese yen retains its top position as the number-one currency

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