Japanese Bonds Draw Largest Foreign Inflow in Eight Months

Foreign investors bought the most Japanese bonds in eight months last week as rising yields attracted overseas demand.

Net purchases totaled ¥1.41 trillion ($9.1 billion), the largest since the period ended April 11, preliminary Ministry of Finance data showed Thursday. Demand was also evident in the Dec. 11 auction of 20-year notes, where the bid-to-cover ratio climbed to a five-year high.