Foreign investors held 13% of Japanese Government Bonds at the end of June, up from about 8% in 2012.
Prime Minister Sanae Takaichi’s administration is seeking to assuage persistent market reservations about her management of fiscal policy by providing foreign investors with more information in English. Market participants remain vigilant over how the administration will fund a planned sales tax cut and higher defense spending without expanding the nation’s enormous debt. Japan’s 10-year government bond yield topped 3% last month for the first time in three decades, with the speed of its ascent since Takaichi took office a year ago spooking many investors.
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