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China's reserves: In need of a bigger boat
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 397 no. 8704 (Oct. 2010)
,
page 72.
Topik:
China
;
Investment
;
Japan
;
Reserves
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.62
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
ONE country’s decision to invest in another is not normally seen as an act of belligerence. But when China’s government ventured into the waters of Japan’s sovereign-bond market earlier this year, it was about as welcome as the Chinese fishermen seized in disputed waters by Japan’s coastguard last month. Japan feared that China’s purchases, amounting to as much as ¥2.3 trillion ($25.5 billion) in the first seven months of this year, were driving up the value of the yen, which has climbed by 15% against the dollar since April. Yoshihiko Noda, the finance minister, said last month that it was “strange” for China to buy his government’s securities when Japan cannot do the same in China. Japan eventually released the captured fishermen. New figures suggest China’s government has also thrown its fish back into the sea: it sold Japanese securities worth ¥2 trillion in August.
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