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.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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