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Land of the rising sum: Japan investors just wait

A redemption of government bonds in June is likely to add to this cash pile

Financial institutions boosted reserves held at the BOJ to 28.6 trillion yen, the highest since reaching 29.7 trillion yen in March 2016.


JAPANESE investors' wait-and-see approach this year is leading to a growing problem. Cash.

Having sold a record amount of overseas bonds in April, as well as domestic debt, investors have mostly held off reinvesting the proceeds. Excess reserves at the Bank of Japan (BOJ)...

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