HALISTER1: Foreigners’ Japan Bond Selloff May Be Due to Redemptions: BofAML

Foreigners’ Japan Bond Selloff May Be Due to Redemptions: BofAML

(Bloomberg) -- Japanese govt bond redemptions on Sept. 20 played a major role in overseas investors’ net selling last week, says Shuichi Ohsaki, chief Japan rate strategist at Bank of America Merrill Lynch, in an interview.
  • Says doesn’t think foreigners’ investment stance toward JGBs greatly changed after BOJ’s latest policy decision
  • NOTE: Overseas investors sold net 2.8t yen ($27.8b) of Japanese bonds in week ended Sept. 23, most since at least start of 2014, according to finance ministry data today
  • JGBs totaling 16.8t yen ($166b) matured on Sept. 20, according to finance ministry data
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Shuichi Ohsaki (Merrill Lynch Japan Securities Co Ltd)

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