Japan should consider holding Chinese government bonds as a way to strengthen ties between the...

|By:, SA News Editor

Japan 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.