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Foreign investors dumped Japan bonds in record sell-off in 2022

Yields rose despite BOJ efforts amid 10tn yen in net selling of JGBs

Data from Japan's Ministry of Finance shows record net selling of medium- and long-term Japanese government bonds by foreign investors. (Photo by Hideyuki Miura)

TOKYO -- Foreign investors sold a record 10.79 trillion yen ($82.9 billion) more in Japanese government bonds (JGBs) than they bought in 2022, Ministry of Finance data out Thursday shows, underscoring their role in driving the recent upward pressure on yields.

The yearly tally, based on medium- and long-term debt securities, was the highest in comparable data going back to 2005. It topped the level in 2009, when investors liquidated holdings for cash in the wake of the global financial crisis.

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