Foreign investors find Japan's longer debt attractive

Foreign investors are showing increased interest in longer-term Japanese bonds, according to Morgan Stanley, due to attractive yields. Morgan Stanley notes that the Japanese government's bond issuance program presents value for international investors. The firm's global head of macro strategy, Matthew Hornbach, stated the Ministry of Finance may eventually adjust its issuance. Yields on Japan's long-term bonds have risen recently, but global funds bought a record amount in April. Morgan Stanley anticipates lower US Treasury yields and a weaker dollar over time.