Weekly purchases of foreign bonds by Japanese investors surged to a three-year high last week, as low domestic rates encouraged local institutions to search for higher returns overseas.
Domestic investors, such as banks, pension funds and insurers, bought 1614.8 billion yen ($16.45 billion) in overseas debt during the week that ended August 10, following $690.3 billion in purchases a week earlier, according to weekly data from the Ministry of Finance. They have remained net buyers of foreign bonds for six consecutive weeks.
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