Japanese Buy Record Amount of US Sovereign Bonds in August
- Net purchases total almost ¥6 trillion as Treasuries gain
- Japanese funds sell French debt as yield premiums widen
This article is for subscribers only.
Japanese funds bought a record amount of US sovereign bonds in August amid a rally in Treasuries, the latest balance-of-payments data from the country’s Ministry of Finance showed on Tuesday.
Net buying came to ¥5.59 trillion ($37.8 billion), bringing total purchases to ¥12.8 trillion for the January-August period. That’s similar to the amount bought during the same period a year earlier. The data include bonds sold by the government, agencies, and local municipalities.