Australia floods

Japan to Buy EU-Guaranteed Irish Debt

January 11, 2011

The debt problems of Euroland peripherals and Australia’s floods remain in the forefront. On the European debt issue, Japanese Finance Minister Noda announced plans to purchase about a fifth of the upcoming EU-backed Irish debt issue as a means to promote reserve diversification.  China also plans to participate.  Japan’s announcement lifted EUR/JPY to as high […] More