Soaring Yields Drew Near-Record Inflow to Japan Bonds in January

Overseas investors purchased the second-largest amount of Japanese government bonds on record last month, as higher yields compensated buyers for the risk of a blowout in government spending.

Net purchases were ¥6.04 trillion ($38.9 billion) in January, data released Friday by the Japan Securities Dealers Association showed. That’s just behind the high of ¥6.08 trillion struck in March 2023, according to figures stretching back to 2004.