Japanese Trust Accounts Buy Record $19.7 Billion Foreign Bonds in May Despite Higher Local Yields
Updated
Updated · Bloomberg · Jun 8
Japanese Trust Accounts Buy Record $19.7 Billion Foreign Bonds in May Despite Higher Local Yields
1 articles · Updated · Bloomberg · Jun 8
Summary
¥3.16 trillion in net foreign-bond purchases by Japanese bank trust accounts in May marked the highest monthly total in Ministry of Finance data going back to 2005.
The buying, often seen as a proxy for Japanese pension-fund demand, added to evidence that appetite for overseas debt stayed strong even as domestic yields climbed.
Preliminary figures released Monday suggest Japanese institutional investors continued to favor foreign fixed-income markets despite improving returns at home.