Japanese Purchases of UK Gilts Hit Highest Since 2021 in October

Japanese investors bought the largest amount of UK sovereign bonds in over four years in October as they expected a potential Bank of England interest-rate cut to boost the debt.

They purchased a net ¥418.6 billion ($2.7 billion) of UK debt in October, the most since January 2021, Japan’s latest balance-of-payments data showed on Monday. The funds also offloaded the largest amount of French sovereign bonds since November 2024 while quickening the sale of German debt.