Tag Archives: Japan Buys Euro

Japan Says It Bought 10% of Europe Rescue Bonds Yesterday

Japan’s government bought 10 percent of bonds sold by Europe’s rescue fund yesterday, a Finance Ministry official said, in a show of support for the region’s bailout efforts.

It purchased 300 million euros ($413 million) worth of debt in the European Financial Stability Facility’s 3 billion-euro bond sale, said the person, who spoke to reporters in Tokyo today on condition of anonymity.

The EFSF postponed the bond sale on Nov. 2 amid market turmoil prompted by Greek Prime Minister George Papandreou’s call for a referendum on the rescue pact for his country.

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