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Japan And China: New Currency Pact Lifts Chinese Yuan Status Seeking Alpha

-- expats
Forum Post
01/09/12 11:54
William

Japan And China: New Currency Pact Lifts Chinese Yuan Status Seeking Alpha

Thank author of this post/commentChina and Japan reached an agreement on what is being referred to as a currency pact in December. As part of the agreement Japan will hold Chinese bonds as part of its foreign exchange reserves. Tokyo will purchase about $500 million worth of Chinese government bonds this year.

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