Japan Hunts For 6% Yield With Funds Buying Record Asia Bonds
- Low currency volatility reduces risks in investing in EM bonds
- Japanese funds are looking for bonds with 3%-6% yields: Nomura
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Japanese investors bought the most emerging-Asian bonds on record last year, and their appetite is growing, money managers said.
They snapped up almost 1 trillion yen ($9 billion) of Asian debt in the first 11 months of 2019, according to the latest balance-of-payments data. Even though it’s one month short of a year, that’s a record in data going back to 2005.