China Buys Most Japan Short-Term Debt in 1 1/2 Years
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China bought the most short-term Japanese debt since May 2010 in February, according to data released by Japan’s Ministry of Finance today.
The world’s largest holder of foreign-exchange reserves increased net purchases of short-term Japanese debt to 651 billion yen ($8 billion), the highest since May 2010, when China bought 694.8 billion yen, according to Japanese government data going back to 2005. China sold 268.8 billion yen of medium- and long-term Japanese bonds in February.