TOKYO -- Japanese investors purchased 14.6 trillion yen ($103 billion) worth of foreign debt on a net basis during the first half of this year, a record for a six-month period, driven by the shifting global bond market.
Mass purchasing of bonds seen contributing to yen's depreciation
Japanese investors switched from dumping U.S. Treasurys last year to making heavy purchases of the debt this year. © Reuters
TOKYO -- Japanese investors purchased 14.6 trillion yen ($103 billion) worth of foreign debt on a net basis during the first half of this year, a record for a six-month period, driven by the shifting global bond market.