• It’s important progress made in European crisis
  • Monti making real efforts to boost Italy’s economy
  • ECB has taken decisive actions
  • ECB’s unconventional steps have helped bond market
  • Banks benefit from ECB’s actions
  • Makeup of European firewall not clear yet
  • Global discussion needed on boosting IMF funds
  • Japan has bought 12% of EFSF bonds
  • Japan has bought 3.3 billion euro of EFSF bonds

Bloomberg reporting.

Elsewhere

  • Japan MOF currency tsar Nakao: EFSF bonds are safe, attractive assets for Japan foreign reserves.

Reuters reporting.