随着美国债市在本月稍早大幅抛售后有所回暖，截至4月19日当周，日本投资者转为海外债券净买入方，结束了此前连续六周的净卖出态势。

　　受美国贸易关税政策及特朗普政府经济政策影响，日本投资者此前加入全球撤离美元资产行列，已连续六周净卖出海外债券。

　　日本财务省数据显示，当周日本投资者净购入价值2237亿日元（15.7亿美元）的长期外国债券，这是自2月底以来首次实现单周净买入。

　　受对冲基金解除杠杆基差交易头寸、海外投资者出于关税报复抛售美债，以及市场对美国资产避险属性质疑加剧等因素影响，本月美债遭遇抛售潮，推动国债收益率持续攀升。数据显示，日本投资者目前持有约1.13万亿美元美国国债，系美债最大持有国。

　　与此同时，受避险需求推动及对日本央行或延迟加息以支撑经济的预期影响，海外投资者持续增持日本资产。数据显示，过去三周外资累计向日本债市注入11.95万亿日元，同期日本股票市场获得3.7万亿日元外资流入。

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责任编辑：王许宁

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