• Kyodo

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Japan and China said they were ready Sunday to back the International Monetary Fund’s efforts to resolve Europe’s debt crisis and agreed to coordinate their positions on responding to its call for more eurozone aid from member countries.

Finance Minister Jun Azumi and Chinese Vice Premier Wang Qishan also agreed to boost cooperation by facilitating Japan’s purchase of Chinese government bonds and encouraging the private sector to use both the yen and yuan rather than the dollar to settle bilateral trade when their financial authorities hold their first meeting Monday in Beijing.

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