Economics
Japanese Shun Bunds to Purchase Most Gilts in Three Years
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Japanese investors are buying more bonds in the U.K. than in any other nation overseas as Europe’s struggle to control its debt crisis left Germany unable to complete a sale of securities yesterday.
Money managers in Japan scooped up 1.53 trillion yen ($19.9 billion) of U.K. gilts in 2011 through Sept. 30, set for the biggest annual purchase since 2008, Ministry of Finance data showed on Nov. 9 in Tokyo. Japanese investors unloaded the most debt in Germany, totaling almost 1.46 trillion yen, followed by sales in Italy and France, the figures show.