Press "Enter" to skip to content

Japanese Funds Sell Most US Debt Since 2022 as Fed Rate-Cut Bets Reverse

Tokyo, 13 May 2026 – Japanese investors sold the largest amount of US sovereign debt in almost four years, as rising oil prices, shifting Federal Reserve expectations and currency volatility triggered a reassessment of foreign bond exposure.

Net sales of US government, agency and local authority debt by Japanese investors reached ¥4.67 trillion, or about US$29.6 billion, in the three months ended 31 March 2026. That marked the biggest quarterly sale since the second quarter of 2022, according to Japan’s balance-of-payments data cited by Bloomberg.

Unlock the Full Article

This article is exclusive to The Ledger Asia Subsribers / PAID members.

Subscribe to Read More

Already have an account? Log in here

Author

  • Kenji Yamamoto is a Senior Fellow at The Ledger Asia, where he explores the critical nexus of Asian international relations, economic development, and environmental sustainability. With extensive experience in cross-border policy analysis, Kenji provides a unique perspective on how diplomatic alliances and green energy transitions drive long-term growth across the Asia-Pacific.

    Previously an advisor for regional development banks, he specializes in sustainable infrastructure and the circular economy’s role in modernizing emerging markets. At The Ledger Asia, Kenji’s deep-dive reports help readers navigate the complex balance between rapid industrialization and the global imperative for climate resilience and corporate responsibility.

Latest News