Bank of Japan raised its benchmark interest rate by 25 basis points to 1.25% on Friday, the highest level in 30 years, and the shortest interval between rate hikes since 1990—while signaling that further hikes are possible. Japanese investors hold about $5 trillion in overseas assets, including around $2.5 trillion invested in the United States. Higher domestic rates may prompt funds to return home, potentially slowing or even reversing the long-term cash flows that have supported the prices of assets in the US and Europe. Data show that, through August 22 this year, Japanese investors have net sold 3 trillion yen (about $18.7 billion) of overseas bonds. As of the end of July, their holdings of U.S. Treasury securities were about $1.1 trillion, down from a peak in February. Japan is quietly stepping back from its role as a major buyer of overseas bonds, and institutions believe the redeployment of funds will remain a gradual process.#比特币突破8万美元大关 $AKE
