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