Japan: Foreign investors bought JPY1.091 trillion of Japanese bonds - BBH

Research Team at BBH, notes that Japan's Ministry of Finance reported that last week foreign investors bought JPY1.091 trillion of Japanese bonds. 

Key Quotes

“This is the second highest weekly figure this year.  The buying spree was also surpassed once in 2015.  These late longs hit a rough path as yields have backed up sharply this week.  The generic 10-year bond yield, for example, has finished last week at minus 19 bp.  Today it closed near minus 8 bp. 

The BOJ's Iwata today seemed to play down the likelihood of a new move next month by saying that there is no specific policy direction in mind.”