JAPAN DATA: China sold Japanese short-term bills for a second straight
month, suggesting that a record-breaking surge in the yen prompted the
world’s fastest-growing nation to dump holdings. China disposed a net
Y624.3 billion ($7.7 billion) worth of Japanese short-term bills in
September after it sold a net Y2.03 trillion in August, data released
today by Japan’s Ministry of Finance showed. China, meantime, sold a net
Y144.9 billion worth of Japanese bonds in September, reversing its net
buying of Y10.3 billion in the previous month, the MOF data showed.