Japanese buy up record US bonds

Japanese investors bought a record amount of foreign bonds last week, Reuters said. Data released on Thursday 12 August showed Japanese investors bought a net 1.859 trillion yen ($16.8 billion) of foreign bonds in the week of Aug. 2-6, in the run-up to the Fed's widely expected decision to lift rates for the second time in four years.

Though the yield on the cash benchmark 10-year Japanese government bonds shot up about 30 basis points to 1.990 percent following the BOJ rate decision in August

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