Japanese government reported that Japanese investors purchased Yen 282.1bn (€2.15bn) worth of Spanish bonds in March.
The record figure, which highlights the increased foreign demand for eurozone debt, represents the higher increase since October 2005 when net Japanese purchase of Spanish bonds surpassed Yen 199.7bn (€1.52bn).
In this way Japanese investors increased their net exposure to long-term Spanish bonds for the ninth month in a row, multiplying by almost seven the Yen 41.3bn (€314.6m) bought in March 2017.
Overall, the data reflected continued buying of eurozone bonds, with Yen 901.8bn (€6.87bn) worth of euro-denominated bonds invested in March, 5.3% down month-on-month.
Sometimes referred to as the ‘biggest manager you have never heard of’, Jonathan Boyd has caught up with PGIM for insight into its Europe region developments as part of global expansion