Buying of foreign bonds
is once again in fashion, and staying the course in the U.
9 billion from the upward-revised nearly $7 billion in the third quarter, while net purchases of foreign bonds
increased to nearly $6.
5 billion invested in short-term governments and corporates, with a small weighting in foreign bonds
Japanese politicians and economists have increased their calls on the Bank of Japan to buy foreign bonds
to stem the appreciation of the yen and lift the Japanese economy out of deflation.
Economic and fiscal minister Heizo Takenaka said Tuesday it is technically possible for the Bank of Japan (BOJ) to purchase foreign bonds
to control liquidity in the money market.
According to InterMarket Income Trust portfolio manager Carl Ericson, "Recently the Fund has reduced the proportion of its portfolio held in foreign bonds
owing to increased volatility in that sector.
The company's investment portfolio consists of high-grade Japanese and foreign bonds
7 billion yen at the end of calendar 2011, of which domestic bonds accounted for 67 percent, domestic stocks 11 percent, foreign stocks 10 percent and foreign bonds
Bank of Japan (BOJ) Governor Masaru Hayami said Thursday the current law makes it difficult for the central bank to purchase foreign bonds
Strongin noted foreign equities were favored over foreign bonds
for the second consecutive year.
The dollar was bought by some investors in a knee-jerk reaction in the morning after Japanese Finance Minister Jun Azumi reportedly said the Bank of Japan's buying of foreign bonds
might be equivalent to a currency intervention.
With regard to a foreign press report that the central bank is considering purchasing foreign bonds
, Nakahara also denied that the bank needs to buy them to provide liquidity to the financial market.