Tuesday, January 8, 2013

Japan to buy euro debt

Japan to Buy European Debt With Currency Reserves to Weaken Yen
By Mayumi Otsuma - Jan 8, 2013 10:17 AM GMT-0200.
Japan plans to use its foreign- exchange reserves to buy bonds issued by the European Stability Mechanism and euro-area sovereigns, as the nation seeks to weaken its currency, Finance Minister Taro Aso said.
Comment: The great realignment is on its way.

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