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Overseas investors load up on Japanese government bonds

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The yen tumbled to a seven-and-a- half-year low of 122.03 to the greenback last week and traded at 119.92 at 10.33 am in Tokyo on Thursday.

Tokyo

FOREIGN investors are taking advantage of attractive swap rates to load up on Japanese government bonds (JGBs), adding three times more than local insurers.

Overseas investors held a record 45.4 trillion yen (S$520.6 billion) in JGBs, excluding bills, on Dec 31, up 10 per

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