With the continuous rise in the status and importance of China in regional and global economies, the influence of the Renminbi grows proportionately. Currency Reform has become a crucial and inevitable policy choice for China. Based on recent theoretical frameworks and quantitative analyses, this book explores the necessity, feasibility and specific pathway of cooperation between the Renminbi and the Yen, the two dominant East Asian currencies. It also provides an in-depth analysis of the significance of the two currencies in shaping the future situation of the East Asian economy. This book highlights: 1. Internationalization of the Japanese Yen 2. The RMB Asianization and Internationalization Strategies