TOKYO -- The recent upheaval in the U.S. and European banking sectors is pushing investors toward the safety of the yen, as they see Japan's low-interest-rate environment as a shelter from the risks emerging elsewhere.
Foreign investors seek stability in JGBs as rate hikes hit assets abroad
The yen touched a month-and-a-half high beyond 130 to the dollar on Friday. © Reuters
TOKYO -- The recent upheaval in the U.S. and European banking sectors is pushing investors toward the safety of the yen, as they see Japan's low-interest-rate environment as a shelter from the risks emerging elsewhere.