Japan purchases of foreign bonds hit record on stronger yen #JapanFinance

TOKYO — Investors in Japan bought a record amount of overseas bonds in August, the latest data from the Finance Ministry shows, as a stronger yen prompted pension funds and other players to rebalance their portfolios.

The purchases totaled a net 7.34 trillion yen ($51.3 billion) for the month, topping the previous record of 5.45 trillion yen from July 2016.