China trade chief calls for Japan bond attack

A senior advisor to the Chinese government has called for an attack on the Japanese bond market to precipitate a funding crisis and bring the country to its knees, unless Tokyo reverses its decision to nationalise the disputed Senkaku/ Diaoyu islands in the East China Sea, reports The Daily Telegraph. Jin Baisong from the Chinese Academy of International Trade – a branch of the commerce ministry – said China should wield its muscle as Japan's biggest creditor with $230bn (£141bn) of bonds to "impose sanctions on Japan in the most effective manner". ·