Japan plans to purchase bonds issued by the European Stability Mechanism and euro-denominated...

|By:, SA News Editor

Japan plans to purchase bonds issued by the European Stability Mechanism and euro-denominated sovereign debt, Finance Minister Taro Aso said today, although the government hasn't decided on an amount. The idea is to weaken the yen and help support Europe, although forex strategist Marshall Gittler views the move as more political than impactful.