Japan announced Tuesday will buy the eurozone sovereign bond issued to the move, but investors can boost by debt crisis of the euro fell flagging influence skeptical.

Report says Yoshihiko Noda, Japan finance ministers announced will buy 20% eurozone bonds, and to increase the Japanese in foreign exchange reserves euro assets. These bonds are the eurozone in saving the Irish plan jointly issued within this month. A week ago, China has said it will buy the Spanish national debt.

Analysts believe that Japan the move is worried about European crisis deepens their own economic impact, also tried to enhance its international influence by the move.

Japan should make powers, consider the preemptive purchase the contribution of European bonds, in order to enhance the European financial stability fund confidence. Foreign exchange market, the euro against the dollar to 1 1.2992 recent than four months since the low, Japan is determined to make the euro flagging temporary won resistance.

Due to the sovereignty debt crisis, when winter eurozone countries in economy also feel very cool. Last December 21, Portugal and Spain as well as Greece credit rating was lowered. But China at this time to eurozone countries blast blew warm wind. Li keqiang deputy prime minister on January 3 in Spain nazione published article point out: \”we for Spain financial market confidence.\” Also, President hu jintao visited Portugal in November, said during China will take \”measures\” help Portugal, Prime minister wen jiabao visited Greece in October last year when also made clear, China will adopt a positive stance participate in Greek new issue treasuries subscribe to Greece, and increase investment.

The attitude of China, apparently to eurozone threw \”confidence\”. One of the main French newspaper le monde newspaper reports said, \”China and Asia in the euro storm that plays an important role.

Obviously, China to eurozone countries \”warm\” diplomatic to give their brought many benefits, the most direct benefit is to promote foreign exchange reserves diversification. The dollar has a major Chinese foreign exchange reserve currency, but americans frequently take, allowing the yuan RMB exchange rate shown faced huge appreciation pressure. On November 3, the fed also announced implement second round \”quantitative easing\” monetary policy, leading to competitive depreciation, to $, including China, holding high dollar assets country brought serious loss. Thus, in order to avoid \”will eggs in one basket\” huge risks will be part of investment steering non-usd state bond became a better choice.

For China, support eurozone countries will ease outlet pressure. Europe is China\’s largest markets, 2010 to 11 months cumulative purchase China about 2820 billion dollars in product, about China\’s total exports nearly one-fifth. Therefore, China needs to keep healthy development of European economic. European sovereignty debt crisis to the world economic recovery has been overshadowed, thereby indirectly affect China\’s foreign trade. Support eurozone countries will also help the eu as soon as possible admitted that China market economy status, and in the fight for the eu abandon the arms embargo on China position aspects wrbanization.

China supports Europe is rational and win-win decision-making. In the long run, the European economic development prospects remain but period, central prospect of the cooperation will be worth to expect.

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