Yen Bills See Record $204 Billion Inflow Amid Shift From JGBs

Global funds scooped up a record amount of Japan’s treasury bills last year as they shunned loss-making government bonds in the country.

Overseas investors acquired 21.4 trillion yen ($204 billion) of T-bills while turning net JGB sellers for the first time since 2013, according to the latest balance-of-payments data. They also bought a total of more than 3 trillion yen of other types of Japanese debt -- including bonds issued by government agencies, local governments and other entities.