China Adds Japanese Bond Holdings, Extending Record
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China bought more Japanese bonds than it sold for a sixth straight month in June, heading for the biggest annual increase on record, helping fuel a rally in the securities that’s seen yields reach a seven-low.
China purchased a net 456.4 billion yen ($5.3 billion) of Japanese debt in June, following net buying of 735.2 billion yen in May that was the most in records dating from 2005, according to a report released today by the Ministry of Finance in Tokyo.