Posted on 09/10/2010 6:08:14 PM PDT by TigerLikesRooster
Japan to investigate China's bond buying motives
Thu Sep 9, 1:49 am ET
TOKYO (AFP) – Japan's Finance Minister Yoshihiko Noda said Thursday the government was closely monitoring China's ramped-up buying of Japanese government debt and would check with Beijing on its motives.
"We are paying close attention" to recent increases in Chinese purchases of Japanese government bonds (JGBs), Noda said during a session of the upper house financial affairs committee, Dow Jones Newswires reported.
"I don't know the true intention" of China regarding its growing appetite for JGBs.
However Tokyo plans to "closely cooperate (with Beijing) and examine its intention," he added.
China bought 583.1 billion yen (6.9 billion dollars) worth of Japanese bonds in July, Japan's finance ministry said Wednesday, as the Asian giant continued to ramp up purchases of Japanese debt.
(Excerpt) Read more at news.yahoo.com ...
P!
China buys Japan! This is surely the Mother of All Mergers!
I think the Chinese are smart enough to realize how bad our country has gotten.
It is getting to be time to put China back into the bottle. We have financed their complete overhaul - financially and militarily, and they are still the same commie peasants that they have always been.
We need to force the free trading of the yuan. No longer accept an artificial peg to the dollar or any other currency. Allow it to be traded internationally, or assign our own value to it. Then tariffs to compensate for the difference.
Stop kissing their a$$es.
Besides the economic reasons (this is a relative bargain for the Chinese), the Japanese are rearming. The Japanese debt is so awful and the economy so bad that, without some entity to prop up gov’t borrowing, there’s no way to sustain the rearming.
The Chinese should see this rearming as a threat.
That they don’t suggests that they plan to pack the Japanese government or otherwise believe that the Japanese and Chinese will be strongly allied. That means some overtures coming in the future, with a view of ejecting the US from the Far East. China’s next move therefore will be in the Philipines in some fashion.
Thanks TigerLikesRooster.
It’s sorta like Japan buying America. Back in the 80’s the Japanese were flush with US cash and bought all kinds of stuff at elevated prices and then got royally screwed.
Money has to go somewhere - maybe they’d rather buy Japanese debt than American debt... who knows?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.