Sale of Japanese T-bonds won't affect forex diversification

BEIJING - The recent sale of Japanese treasury bonds will not affect China's accelerating foreign reserve basket diversification in which it will continue acquiring treasury bonds from major economies, analysts said.

But the country also needs to consider other investment channels, they said.

China cut its Japanese debt holdings by a net 2.02 trillion yen ($24.5 billion) in August - the biggest single-month sale since 2005, Japanese Ministry of Finance data published on Oct 8 said.