Bloomberg News

Japan Purchased 8.3% of EFSF Bonds Sold Yesterday

May 16, 2012

(Corrects total amount of EFSF bonds sold since 2011 in third paragraph)

Japan purchased 8.3 percent of the debt sold by the European Financial Stability Facility yesterday, a Japanese Finance Ministry official said.

The nation bought 80 million euros ($102 million) of the 960 million euros in five-year bonds, the official said, speaking on condition of anonymity because of the ministry’s policy.

Japan has purchased about 11 percent of the 46.4 billion euros of EFSF bonds sold since January 2011, according to the official.

Finance Minister Jun Azumi said yesterday that he is paying “utmost attention” to the political developments in Greece and he wants the country to come up with solutions to ease global concern about the region’s debt crisis.

Talks between Greece’s main parties following the May 6 elections failed to reach agreement on forming a coalition, forcing the country to hold a second election next month.

To contact the reporter on this story: Mayumi Otsuma in 東京 at motsuma@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net


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