Japan Will Buy More EFSF Bonds, Rescue Fund Chief Says

2011-10-31 17:17:05

Japan will continue to purchase the bonds issued by the European Financial Stability Facility, or EFSF, the fund's chief Klaus Regling was quoted as saying in Tokyo on Monday.

Japan has already bought around 20 percent of the debt issued by the bailout fund. Europe is looking to cash rich Asian economies for support in boosting its rescue fund to EUR 1 trillion.

This was one among the key measures agreed upon by leaders during last week's European Union summit.

A day after the EU leaders struck a deal to contain the crisis, Regling flew to China seeking its contribution to the bailout fund. However, there was no immediate response from China as they sought more details about the agreements made at the summit.