Arab Today, arab today japan bought 10 of eurozone fund\s latest bonds
Last Updated : GMT 04:33:33
Arab Today, arab today
Arab Today, arab today

Japan bought 10% of eurozone fund\'s latest bonds

Arab Today, arab today

Arab Today, arab today Japan bought 10% of eurozone fund\'s latest bonds

Tokyo - AFP

Japan bought half as many bonds as usual in the eurozone rescue fund\'s latest issue, an official in Tokyo said Tuesday, as the European auction struggled amid fears over the region\'s debt crisis. Tokyo purchased 300 million euros ($413 million) of debt from the European Financial Stability Facility (EFSF), or 10 percent of the total issue, compared with 20 percent in previous sales. Japanese leaders previously suggested its purchases would stay around 20 percent, although an official said Tuesday \"it is not true that there is a fixed share\" for Japan. Japan has purchased a total of 2.975 billion euros of EFSF bonds so far this year \"We took into account our euro liquidity (in Japan\'s special account of foreign currencies), terms on issuance and the market environment,\" the official said of the fall in the Japanese purchasing share. While the sale of all the three billion euros in debt will be crucial to the EFSF -- the fund set up to provide support to struggling European economies such as Ireland and Portugal -- it was met with a weak response. There are concerns that the debt crisis in Greece and now Italy could see either of them default, which could lead to chaos in the eurozone and possibly another global recession. Amid fears over Italy\'s ability to contain a huge debt mountain, the yield on the country\'s 10-year bonds hit a record high 6.676 percent on Monday. Tokyo fears that any further deterioration in the European crisis could cause serious problems for Japan\'s export-dependent economy as it gradually recovers from the impact of the March 11 earthquake and tsunami. Adding to pressure on the Japanese economy is the soaring yen, which has seen huge buying interest due to its safe haven status while global confidence is shaken by crises in the eurozone and the United States. Japanese Prime Minister Yoshihiko Noda warned last week that the eurozone debt crisis could trigger a chain reaction throughout the world. \"In Europe, we need to avoid a chain reaction triggered by the budgetary problems in certain countries,\" Noda said Thursday at a business round table before the G20 summit in Cannes, France. \"You can\'t let the financial sector collapse,\" he said. \"You can\'t let the real economy suffer excessively.\" The government last week launched its fourth yen-selling intervention in just over a year as it looked to weaken a unit whose recent strength has threatened the nation\'s recovery from the March disasters. Finance Minister Jun Azumi has so far spoken against the idea of selling yen for euros to pay for EFSF debt purchases, as he said such moves would amount to currency market intervention. China, which had previously bought EFSF bonds, has so far remained noncommittal about future purchases.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan bought 10 of eurozone fund\s latest bonds Arab Today, arab today japan bought 10 of eurozone fund\s latest bonds

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday