TOKYO -- Investors in Japan bought a record amount of overseas bonds in August, the latest data from the Finance Ministry shows, as a stronger yen prompted pension funds and other players to rebalance their portfolios.
August tally tops $50bn ahead of expected Fed rate cut
Japanese pension funds are believed to have stepped up their buying of foreign bonds in August. © Reuters
TOKYO -- Investors in Japan bought a record amount of overseas bonds in August, the latest data from the Finance Ministry shows, as a stronger yen prompted pension funds and other players to rebalance their portfolios.