Noda: feels odd Japan can't buy Chinese govt bonds

Wed Sep 8, 2010 9:43pm EDT

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TOKYO, Sept 9 (Reuters) - Finance Minister Yoshihiko Noda said on Thursday he feels it is strange that Japan is unable to buy Chinese government bonds, despite a recent surge in Japanese bond investment by Chinese investors.

"I feel a bit unnatural about the fact that China is buying Japanese government bonds but Japan cannot buy Chinese government bonds," Noda told the upper house committee on financial and monetary affairs.

He said the reason China is increasing its buying of short-term Japanese government securities is not known, but Tokyo is keeping in contact with Chinese authorities on the matter.

China bought a net 640.8 billion yen ($7.65 billion) in short-term Japanese bills in July, extending a record buying spree of Japanese debt seen since the start of the year. [ID:nTOE68700Y] (Reporting by Rie Ishiguro; Editing by Chris Gallagher)

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Comments (1)
SwissMaestro wrote:
Is there anything “natural” about how china manages inflows into their financial markets? The BOJ should be well aware of Chinese tactics to gaining Political/economic clout while constraining any foreign influence over it’s own economy.

Sep 09, 2010 6:46am EDT  --  Report as abuse
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