Skip to content
Subscriber Only

Bond Rout Drove Japan Funds to Offload $5.8 Billion of U.S. Debt

  • Japanese turned net sellers for first time since August
  • They also slashed a record amount of Australian bonds
Tokyo’s Shutdown Plan to Curb Virus Spread
Photographer: Kentaro Takahashi/Bloomberg

Japanese investors turned sellers of U.S. sovereign debt to the tune of 618.7 billion yen ($5.6 billion) in February as the global bond rout forced them to cut losses.

The net sales, the first since August, also came as they sold a record amount of Australian sovereign debt, according to Japan’s balance-of-payment figures released on Thursday.