Currencies

Yen intervention leaves Japanese investors divided on foreign assets


Japanese shift to selling foreign bonds and equities after two weeks of heavy buying

20260826 yen and USD

Tokyo and Washington on July 31 made their first joint yen-buying intervention in 28 years, signaling a determination to arrest the yen’s prolonged weakness against the dollar and reinforce confidence in efforts to contain inflation. (Source photos by Mizuho Miyazaki and Akira Kodaka)

MITSURU OBE

TOKYO — Japanese investors remain divided on investing in overseas bonds and equities after currency authorities in Japan and the U.S. undertook a historic joint intervention late last month in a coordinated effort to strengthen the yen and support Japanese and American government bond markets, portfolio flow data released on Thursday showed.





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