Japan is one of the world’s largest net creditors. Its institutional investors’ overseas holdings pushed the country’s net external assets, which include holdings of foreign securities, to a record last year, according to official data, creeping past Y533tn ($3.4tn). Life insurers are among the largest investors and, for decades, their savings have helped steady global markets. What happens when that flow reverses?
日本是全球最大的凈債權國之一。官方數據顯示，日本機構投資者的海外持倉推動外幣證券等對外凈資產去年創下紀錄，略超過533萬億日元（合3.4萬億美元）。壽險公司是其中最大的投資者之一，數十年來，他們的儲蓄一直在穩定全球金融市場。那么，當這股資金流逆轉會發生什么？
您已閱讀15%（547字），剩余85%（3015字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。