Japanese investors looking abroad turn to French govt bonds
London
THE Bank of Japan's (BOJ) latest money printing is adding fresh sparkle to Japanese investors' romance with French government bonds as they look abroad for alternatives to the diminishing returns on domestic debt.
"Mrs Watanabe" - the moniker used in financial markets to refer to Japanese retail investors - and the country's conservative pension funds have long been enamoured of French bonds, defying conventional wisdom even at the height of the eurozone debt crisis in 2011 and 2012.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Japanese yen slides back towards 34-year low after brief spike
China’s Bank of Communications Q1 profit rises 1.44%
HSBC’s private bank shuts independent asset management business in HK, Singapore
Nomura Q4 net profit jumps almost eight-fold on retail income surge
Rescue pup to meme star: the real-life ‘Dogecoin’ dog
Money laundering accused Zhang Ruijin slapped with 5 more charges days before scheduled guilty plea