Those institutional investors tired of the Eurozone volatility are looking to Japan as a sovereign investment. Foreign holdings have risen to a record high, where ownership of Japanese government bonds stood at 8.3% of the total, according to the Bank of Japan. Foreign flows continue to clime higher, with Finance Ministry data showing net foreign flows in to medium and long-term JGBs totaled roughly $28 billion since early April. Accounting for volatility, Japan's debt maturing in more than a year has returned 1 per cent so far this year, which is higher than either U.S. bonds or German bunds.
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Ginger Szala
Ginger Szala is executive managing editor of Investment Advisor magazine. She covered the financial business and alternatives industry for 30 years while editor of Futures Magazine Group. MSJ Northwestern, BA University of Wisconsin-Madison. She is based in Chicago. Go Blackhawks!
