Japan Investors Begin to Stock Up on Foreign Bonds
Japanese investors turned net buyers of foreign bonds in the last two weeks in keeping with widespread expectations that Tokyo's push to reflate its economy would result in a massive flight of money out of the country in search of higher returns.
(Read More: The Race to Cut Rates: Look What Japan Started)
They bought 309.9 billion yen ($3.1 billion) in foreign bonds in the week through May 4 after purchasing 204.4 billion yen in the prior week, according to the Ministry of Finance.
(Read More: Don't Stand in the Way of the Nikkei Train)
Japanese investors repatriated a total of 9.33 trillion yen in January-April.