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Japan should consider holding Chinese government bonds as a way to strengthen ties between the...
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Tuesday, December 20, 2011, 5:05 AM ETJapan should consider holding Chinese government bonds as a way to strengthen ties between the two countries, says Japanese finmin Jun Azumi, marking the first clear indication that Japan intends to shift part of its foreign reserves into yuan-denominated Chinese debt. At the moment, Japan's $1.3T reserves are mainly denominated in dollars, with a small euro portion.
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