Banks Stay Bond-Addicted as Cash Hoarders Prevail

Banks Stay Bond-Addicted as Cash Hoarders Prevail

Tomohiro Ohsumi/Bloomberg

Pedestrians walk through a business district in Chiba City, Japan. Regional banks bought a net 1.9 trillion yen of government bonds this year through May, while city lenders sold 12.2 trillion yen of notes, according to data from the Japan Securities Dealers Association.