Japan investors boost foreign bond buys

By Reuters

Aug 23, 2024 12:08 am

JAPANESE investors increased their purchases of overseas bonds in the week to August 17, as diminishing worries about rapid rate hikes by the Bank of Japan (BoJ) soothed concerns over a strengthening yen and its negative impact on carry trades.

Some analysts said investors were also taking advantage of a stronger yen to purchase foreign bonds, following a sharp rally in the currency in the past month.

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