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Japanese investors boost government bond purchases to 17-year high

Reported · Written up by our desk · Equity Funds

Japanese institutional investors increased purchases of domestic government bonds to their highest level since 2009 during the six months to September, as pension fund rebalancing and rising global bond yields drove shifts in fixed income allocations, according to a report by Bloomberg. Net purchases of Japanese government bonds (JGBs) totalled ¥18.8tn ($119bn) in the fiscal first half, according to data from the Japan Securities Dealers Association. Trust banks, which typically act on behalf of pension funds, accounted for almost half of the buying, while banks contributed approximately one-t

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