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China triples Japan government bond purchases

Move would allow Beijing to earn higher yields and tame appreciating yuan

China snapped up 723.9 billion yen in Japanese government bonds during July, its biggest monthly total since January 2017.   © Reuters

TOKYO -- China has raised its purchases of Japanese government bonds to the highest level in three and a half years, in an apparent effort to reap greater yields on Beijing's massive reserves of foreign currencies.

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