Global Funds Trim Japanese Long-Term JGB Exposure in April, First Net Sales Since 2024

According to latest data from April, global asset managers including T. Rowe Price, Schroders, and Brandywine Global have reduced exposure to Japanese long-term government bonds amid concerns over the Bank of Japan's sluggish policy response. Overseas investors made net sales of ultra-long Japanese government bonds for the first time since 2024, marking a shift after funds returned to the market following higher yields.
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