BR100 Increased By (0.36%)
BR30 Increased By (0.51%)
KSE100 Increased By (0.46%)
KSE30 Increased By (0.34%)
AGHA 7.65 Increased By ▲ 0.02 (0.26%)
BECO 5.52 Decreased By ▼ -0.05 (-0.9%)
BML 59.78 Increased By ▲ 0.04 (0.07%)
BOP 34.78 Increased By ▲ 0.38 (1.1%)
CNERGY 12.83 Decreased By ▼ -0.28 (-2.14%)
CSIL 6.55 Increased By ▲ 0.14 (2.18%)
FCCL 58.09 Increased By ▲ 0.03 (0.05%)
FFL 16.33 Increased By ▲ 0.10 (0.62%)
FNEL 1.21 No Change ▼ 0.00 (0%)
KEL 7.47 Increased By ▲ 0.04 (0.54%)
KOSM 6.10 Increased By ▲ 0.07 (1.16%)
LOTCHEM 27.84 Increased By ▲ 0.17 (0.61%)
MLCF 102.75 No Change ▼ 0.00 (0%)
NBP 205.02 Decreased By ▼ -0.04 (-0.02%)
NCPL 61.99 Increased By ▲ 2.36 (3.96%)
NPL 70.95 Increased By ▲ 2.39 (3.49%)
OGDC 320.70 Increased By ▲ 1.78 (0.56%)
PACE 11.22 Increased By ▲ 0.17 (1.54%)
PAEL 43.00 Decreased By ▼ -0.10 (-0.23%)
PIBTL 16.70 Increased By ▲ 0.07 (0.42%)
PPL 233.05 Increased By ▲ 3.60 (1.57%)
PRL 69.19 Decreased By ▼ -1.61 (-2.27%)
PTC 70.80 Decreased By ▼ -0.20 (-0.28%)
SSGC 27.42 Increased By ▲ 0.01 (0.04%)
TBL 10.43 Increased By ▲ 0.12 (1.16%)
TELE 8.55 Increased By ▲ 0.02 (0.23%)
TPL 22.75 Decreased By ▼ -0.31 (-1.34%)
TPLP 15.62 Decreased By ▼ -0.14 (-0.89%)
TREET 24.93 Increased By ▲ 0.22 (0.89%)
TRG 60.40 Increased By ▲ 0.11 (0.18%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Top News

Foreign exchange reserves: Government to buy Chinese government debt

TOKYO : Japan 's government is in discussions to purchase Chinese government debt to diversify its foreign exchange res
Published Updated
Save
1 min
Comments
By Shoaib Ur Rehman
Add BRecorder as a trusted
source on Google
Google Preferred Source

azumiTOKYO: Japan's government is in discussions to purchase Chinese government debt to diversify its foreign exchange reserves, but leaders of the two countries need to discuss the matter at a summit later this month before a formal decision is made, Finance Minister Jun Azumi said on Tuesday.

Azumi, speaking to reporters, said purchasing Chinese debt would help strengthen economic ties between the two countries.

Azumi also said that Japan maintains trust in the dollar and would not expect its purchases of Chinese debt to lead to market volatility.

 

Copyright Reuters, 2011

 

Comments

Comments are closed for this article.

More Stories

Browse all stories