Japanese Investors Sold the Largest Amount of Overseas Bonds Since 2024 (Jin10 Data APP)

Odaily According to preliminary weekly data released by Japan's Ministry of Finance on Thursday, Japanese investors sold a net 3.42 trillion yen worth of foreign bonds in February, marking the largest monthly sell-off since October 2024, according to another balance of payments report. Most of the selling occurred in the week ending February 20. Ayako Sera, a senior market strategist at Sumitomo Mitsui Trust Bank in Tokyo, said that as falling Japanese government bond prices forced life insurers to book impairment losses, they may be adjusting overall profits by selling foreign bonds. Given the rise in domestic yields, demand for foreign bonds may have already slowed down. (Jin10)