Picture: Indoor Slippers Japan
"Japanese investors have been buying Australian bonds...because of Australia's higher relative interest rates..These bonds are being bought unhedged to the Australian dollar.."When the currency goes up against the yen, it means investors have a lot of profit in their portfolio"
Robert Bridges, Nikko Asset Management
Source: Japanese asset spree
By Bianca Hartge-Hazelman & Jacob Greber
Australian Financial Review
Wednesday 19th November 2015, page 29