www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

Cut in Japanese bond holdings 'not motivated by politics'

By Zheng Yangpeng (China Daily) Updated: 2014-06-26 07:03

Decision to reduce made because of China's concerns over yen's continued depreciation, say economists

Yen depreciation fears prompted China to reduce its huge exposure to Japanese government bonds, Chinese economists said on Wednesday, dismissing suggestions that the move was politically motivated.

China cut its holding of JGBs by 6.2 trillion yen ($59.8 billion), or 30 percent, to 14.3 trillion yen by the end of 2013, the Nihon Keizai Shinbun reported on Monday, citing statistics from Japan's finance ministry.

The report went on to add that while it is understandable that Chinese monetary authorities would sell JGBs to protect the value of the country's foreign-currency reserves as the yen continued to weaken, there are reasons beyond that.

One reason, the newspaper guessed, is China could pressure Japan by threatening to dump vast, hidden holdings of JGBs. Such a move would send Japanese bond prices plummeting and long-term interest rates soaring.

Sino-Japanese relations have soured dramatically since 2012 over territorial disputes and other issues.

Xu Hongcai, an economist with the China Center for International Economic Exchanges, said that China's JGB holdings are far from substantial enough to pose a threat to Japanese bond prices.

China held 14.3 trillion yen of JGBs by the end of 2013, according to Japan's data. That made up about 1.43 percent of the 1 quadrillion yen worth of total JGBs. It also accounted for 3.6 percent of China's foreign exchange reserves by the end of last year.

Economists said that most of the Japanese bonds are snapped up by its domestic institutions such as the central bank.

China's decision to trim its JGB holdings is primarily out of concerns that the yen would depreciate further under Japanese Prime Minister Shinzo Abe's monetary policy easing.

Past actions are testimony to China's neutral stance on JGBs, they said. China increased JGB purchases in 2010 after concerns over the stability of the dollar surfaced in the wake of the global financial crisis.

Cut in Japanese bond holdings 'not motivated by politics'

Cut in Japanese bond holdings 'not motivated by politics'

 London sees more yuan bonds on offer

Risks in bond market 'controllable' 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 情侣偷偷看的羞羞视频网站 | 久久精品欧美日韩精品 | 一级毛片免费视频观看 | 日韩高清成人毛片不卡 | 国产亚洲精品国产第一 | 久艹视频在线观看 | 久久精品99| a级精品九九九大片免费看 a级毛片免费观看网站 | 色婷婷久久综合中文久久蜜桃 | 精品在线观看一区 | 亚洲一区毛片 | 国产高清国产专区国产精品 | 18在线| 日韩久久久精品首页 | 亚洲精品一二三区-久久 | 国产精品国产三级国产专 | 国产三级手机在线 | 亚洲www色 | 亚洲国产成人99精品激情在线 | 91精品全国免费观看 | 日韩精品一区二区三区毛片 | 一级一片免费播放 | 日本草草影院 | 久久久精品国产免费观看同学 | 日本农村寡妇一级毛片 | 成年女人毛片免费视频 | 亚洲精品视| 精品国产免费第一区二区三区日韩 | 亚洲无线一二三区2021 | 欧美人成在线视频 | 日本免费a级片 | 日本欧美三级 | 97视频在线免费播放 | 亚洲欧美日韩精品久久亚洲区色播 | 理论片免费午夜 | 亚洲国产成人久久一区久久 | 日韩欧美视频一区二区在线观看 | 国产精品正在播放 | aaaaaaa一级毛片 | 国产美女精品一区二区三区 | 成人做爰全视频 |