Japan to buy ESM bonds using forex reserves to help weaken yen

Japan will buy bonds issued by the European Stability Mechanism to help weaken the yen, Finance Minister Taro Aso said. The bond transactions will be funded by the country’s foreign exchange reserves, Aso told reporters today in Tokyo. The nation hasn’t decided on the purchase amount, he said. B…

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Japan to buy ESM bonds using forex reserves to help weaken yen