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Tuesday 8 November 2011

Japan buys 10% of eurozone bailout fund's bond issue


Japan's Ministry of Finance has announced that Japan bought 10% of the latest bonds issued by the eurozone's rescue fund.
Japan finance ministry said Japan purchased 300m euros ($413m; £257m) of bonds issued by the European Financial Stability Facility (EFSF).
Japan's purchase is the smallest amount it has bought so far from the fund. It will be healthy sign for euro zone.
Eurozone leaders have been seeking raised investment in the fund to help finance debt-laden economies.
Previous month, they confirmed to raise the size of the bailout fund to 1tn euros.
Japan has purchased bonds from the EFSF on three previous occasions taking its holdings to 2.975bn euros.

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