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.
The Chinese bought 1.46 trillion yen ($13.8 billion) in medium- to long-term JGBs on a net basis between April and July, figures from Japan's Finance Ministry and the Bank of Japan show -- 3.6 times the amount from a year earlier.
