三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

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: 成年人在线观看视频网站 | 一级黄色毛片视频 | 亚洲欧美综合在线观看 | 久久欧美久久欧美精品 | 在线亚洲精品防屏蔽 | 国产色视频一区 | 欧美日韩亚洲国内综合网香蕉 | 国产成人高清精品免费5388密 | 精品国偷自产在线不卡短视频 | 国产欧美亚洲精品第一区 | 国产国语一级a毛片高清视频 | 欧美黄色一级大片 | 在线观看成年美女黄网色视频 | 亚洲精品一区乱码在线观看 | 黄色一级视频免费看 | 欧美视频免费在线播放 | 品爱网在线观看视频免费视频 | 黄色a网| 日韩欧美亚洲另类 | 日韩黄色在线视频 | 在线碰| 黄视频在线观看www免费 | 国产精品一区二区三区四区 | 国产成人精品曰本亚洲78 | 一级片手机在线 | 国产一区三区二区中文在线 | www.小视频| 1024国产高清精品推荐 | 国产麻豆永久视频 | 成人网mm视频在线观看 | 日韩激情淫片免费看 | 一区二区三区在线 | 日本 | 欧美夜夜精品一级爽 | 精品综合在线 | 大片免费看大片费看大片 | 中国精品久久精品三级 | 亚洲精选在线观看 | 小明免费视频一区二区 | 国产精品入口麻豆免费看 | 成人做爰免费视频免费看 | 日韩毛片网|