China's increased holdings of Japanese government bonds in July

In July, China's investment in Japanese securities was a net buy of 583.1 billion yen ($ 6.97 billion trillion), according to a preliminary balance of payments figures released yesterday by the Finance ministry. So far, China has increased its holdings of Japanese Treasuries for 7 consecutive months.　　Among them, the net purchase of short-term bonds amounted to 640.8 billion yen.　　Affected by the global economic Outlook, September 7 Tokyo Foreign exchange market yen rose sharply, once touched 1 U.S. dollars to exchange 83.80 yen highs, a 15-year high. It is one of the tasks of diversifying China's foreign exchange reserves, says one analyst at Mizuho Bank, Japan's second-largest bank, as China continues to increase its holdings of Japanese Treasuries. "Most of China's foreign exchange reserves are in dollars.　　And the dollar continues to depreciate, and if China does nothing, the reserves will shrink. The country that bought most of Japan's government bonds in July was Britain, according to the Ministry of Finance. In the month, Britain bought up to 3.1 billion yen in Japanese government bonds. According to China's economic