Japanese Bought Net Y1.39T Foreign Bonds Last Week

Japanese Bought Net Y1.39T Foreign Bonds Last Week

TOKYO (Dow Jones)--Japanese investors were net buyers of foreign bonds last week for the second week running, Ministry of Finance data showed Thursday.

They bought Y1.39 trillion of foreign bonds on a net basis in the week of Sept. 2-8, up from net purchases of Y140.1 billion the week before, according to the MOF's weekly portfolio flows data.

Japanese investors increased their buying last week amid growing speculation that the U.S. Federal Reserve would cut interest rates to help the economy fight off the effects of the subprime loan turmoil, market players said.

Meanwhile, Japanese investors remained net buyers of foreign stocks last week. They bought a net Y98.3 billion, compared with net purchases of Y66 billion the week before.

Elsewhere, foreign investors were net sellers of Japanese bonds for a second consecutive week. They sold Y95.9 billion of Japanese bonds last week, compared with net sales of Y52.5 billion the previous week.

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-By Hiroshi Inoue

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