Bloomberg News

Japan Purchased 4.6% of EFSF Bonds Sold on May 8

May 16, 2012

(Corrects total amount of EFSF bonds sold since 2011 in third paragraph of story originally published on May 9.)

Japan purchased 4.6 percent of the debt sold by the European Financial Stability Facility yesterday, a Japanese Finance Ministry official said.

The nation bought 90 million euros ($117 million) of the 1.96 billion euros in three-month bills, the official said, speaking on condition of anonymity because of the ministry’s policy.

Japan has purchased about 11 percent of 45.4 billion euros of EFSF bonds sold since January 2011, according to the official.

Finance Minister Jun Azumi said yesterday that he wants European governments to implement already planned steps to tame the debt crisis. Last month Japan pledged $60 billion to the International Monetary Fund to expand its resources to limit risks from Europe’s sovereign-debt crisis.

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

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


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus