Japanese snap up foreign bonds despite attacks

JAPAN - Japanese investors have been buying a massive amount of foreign bonds in recent weeks, making a mockery of the view they were busily repatriating funds ahead of half-year bookclosings, data showed on Thursday 4 October.

Analysts said the belief that the U.S. recession would be long and deep seemed to have pulled Japanese money into U.S. Treasuries, outweighing fears of global instability following the September terror attacks.

Ministry of Finance data showed Japanese investors bought a net

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