Chinese bonds expand Japan's financial resources


By Zhang Jifeng

China.org.cn, January 3, 2012

[Photo/weibo.com/finance]
[Photo/weibo.com/finance]


Japan's Prime Minister Yoshihiko Noda visited China with a "great gift" – his country's purchase of US$10 billion Chinese government bonds. As the first G7 country who owns Chinese bonds, Japan's action is undoubtedly spurting the internationalization process of the yuan.