Sunday May 27, 2012

Japan to buy Chinese bonds

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Japan is looking to diversify its forex fund special account, which currently focuses on dollar investments AFP

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  • -1

    realmind

    Japan is the looser in this trap by China. They wanted technology and invited Japanese companies to invest. Now they looted the tech from Japan. What they want is the yuan should become an international currency. Japan fell in this trap by buying the Chinese bonds. The Noda prime minister is stupid to enter in this agreement as he wants to show the Japanese people that he got good welcome from China. Chinese are clever...

    • Moderator

      Please note the difference between "looser" and "loser."

  • 0

    akkk1

    The Noda prime minister is stupid to enter in this agreement as he wants to show the Japanese people that he got good welcome from China. Chinese are clever...

    those inscrutable Asians!

  • 0

    oyatoi

    The point is that both Japan and China are no longer prepared to put all their eggs in the US basket case but are diversifying OUT OF IT. As it loses its status as the world`s reserve currency, the US will gain the freedom to let its currency track much lower against the likes of the Yen, Won and Yuan, thus weakening the competitive trade advantage until now enjoyed by those mercantilist competitors.

  • 0

    YuriOtani

    What is the government in Tokyo smoking?

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