Japanese Investors Sell Most Foreign Debt in Nine Years
- Net sales total about $17 billion, surpass total May purchases
- Banks may have sold Treasuries to take profit: Mizuho’s Omori
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Japanese investors sold the largest amount of foreign debt in nine years amid a shift in global central bank policy.
Net sales totaled ¥2.65 trillion ($16.9 billion) in the week through June 7, the most since April 2015, preliminary figures from Japan’s Ministry of Finance showed on Thursday. That followed purchases of ¥2.3 trillion in May. Last week saw an interest-rate cut by central banks in the euro zone and Canada as well as weak US data on manufacturing and job openings.