March 22 (Bloomberg) -- Japan didn’t buy any of the 1.5 billion euros ($1.98 billion) of 20-year bonds sold for the first time by the European Financial Stability Facility this week, a Japanese Finance Ministry official said in Tokyo.
The government instead bought five-year bonds and six-month bills, according to the official, who spoke on condition of anonymity because of the ministry’s policy.
The 440 billion-euro EFSF is helping to finance a second rescue of Greece and smaller aid programs for Ireland and Portugal as part of efforts to stem a sovereign-debt crisis that has threatened the European single currency.
Japan purchased 320 million euros of five-year bonds and 90 million euros of six-month bills, the official said.
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