Tag Archives: Japan Eurozone Rescue Bond

Japan going to bed with Euro – Buys $152 Million of Euro Rescue Fund T-Bills

Japan has bought 120 million euros ($152 million) of new six-month bills sold by the euro zone’s rescue fund, the European Financial Stability Facility (EFSF), in an auction on Tuesday, a finance ministry official said.

The amount accounts for 8 percent of a 1.5 billion euros of six month bills sold by the EFSF in the auction which drew total bids worth 4.66 billion euros.

The auction came a day after U.S. ratings agency Standard & Poor’s downgraded the EFSF by one notch to AA+ from AAA, following downgrades of the ratings of France and Austria by the same margin and rating cuts of seven other euro zone nations.

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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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