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UPDATE 1-Japan investors bought record amount of French bonds in March [Reuters]

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) 
US:NYSE Investor Relations: smfg.co.jp/english/investor
Company Research Source: Reuters
UPDATE 1-Japan investors bought record amount of French bonds in March * Japanese buy net 3.184 trln yen of French bonds in March * In same month, Japanese were net sellers of US and German bonds * Fed’s halt of rate hikes seen boosting demand for French bonds (Adds details, background) By Shinichi Saoshiro TOKYO, May 14 (Reuters) - Japanese investors bought a record amount of French bonds in March, data showed on Tuesday, as low domestic rates and the Federal Reserve’s dovish tilt fuelled demand for assets with relatively high yields and solid credit ratings. Japan’s finance ministry said investors purchased a net 3.184 trillion yen ($29.17 billion) of French bonds in March. That compared with February’s net 988.3 billion yen and was the biggest amount for any month since the ministry began reporting such data in January 2014. Faced with domestic long-term interest rates anchored below zero under the Bank of Japan’s easy policy, Japanese investors have been striking out overseas in s Show less Read more
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