TOKYO May 11 Japanese investors sold a record
4.256 trillion yen ($37.24 billion) of foreign bonds in April,
the first month of their 2017/18 financial year, data from the
Ministry of Finance showed on Thursday.
The selling came after their massive buying of various bonds
from the United States and Europe last year, when they poured in
a record amount of funds as they looked to stay away from
negative yields at home.
Their foray into global bonds stopped in November after
prices plunged following the surprise victory of Donald Trump in
the U.S. Presidential election.
Japanese investors also suffered after French bonds, one of
their favourite products, crumbled this year on worries about
the French presidential election.
Separate data showed Japanese investors sold 943.5 billion
yen of French bonds in March, their fifth straight month of
selling during which they dumped almost 3.0 trillion yen (24.16
($1 = 114.28 yen)
(1 euro = 124.17 yen)
(Reporting by Hideyuki Sano; Editing by Joseph Radford)