Japan is planning to buy a stake in the bond offering by the European Financial Stability Facility (EFSF) to help Irish bailout efforts, The Wall Street Journal reports. The government may purchase more than 20% of the EFSF bonds to bolster confidence. The EFSF is planning to raise up to €16.5 billion in 2011 in tranches, tentatively set at €3-5 billion. The €440 billion EFSF fund was set up in June 2010 to help finance bailout efforts in the European Union.
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