B · Normal
[Agency: The sell-off in French bonds may prompt the return of Japanese funds and boost the yen exchange rate] On October 8, Guillermo Felices, global investment strategist at PGIM Fixed Income, said that the sell-off in French government bonds may prompt Japanese investors to repatriate funds to their home countries, or become a turning point in the trend of the yen. Japanese investors have been major buyers of French bonds in the past, so the current unrest in France may make Japanese investors more cautious about whether it is worth investing in Japanese assets now with higher yields. It would also be a positive for Japanese assets if investors ultimately view Japan's fiscal policy as more sustainable than France or other countries.
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