Published on 22 July 2024
![Visuel - Bloc note éco 361](/system/files/styles/rectangle_375x225/private/2024-07/shutterstock_2336928103.jpg?h=790be497&itok=g9Vv_e82)
Post No.361. Japan is a major holder of foreign sovereign debt, thanks to its attractive interest rate differential. In 2022, the increase in the cost of hedging against currency risk led to a partial repatriation of Japanese capital. Despite fears, this disinvestment trend did not continue in 2023 and 2024 and had no discernible impact on foreign yields.