Nikkei reported that two Japanese insurers are reducing their U.S. Treasury holdings in favor of Japanese Government Bonds.
Japan’s March Current Account surplus JPY1.01 trln (expected surplus of JPY1.32 trln; last surplus of JPY1.23 trln). April Bank Lending 3.2% yr/yr (expected 2.9%; last 3.0%). April Economy Watchers Current Index 54.6 (expected 54.1; last 53.3)