Japanese Finance Minister Yoshihiko Noda said at a news conference in Tokyo today that Japan will trail China to support the euro area debt-mired economies through buying bonds issued by Europe's financial aid funds, where Japan may buy up to 20% of the issued bonds.

Euro zone is planning to sell AAA-rated bonds during this month to gather 16.5 billion euros to finance the Irish bailout; thus, Japan will probably spend more than 1 billion euros to get aforesaid stake.