Foreign central banks boosted their holdings of yen-denominated assets to the highest level in at least a decade, an indication Europe’s debt crisis has bolstered the currency’s appeal as a haven.
The holdings rose 26 percent to 44 trillion yen ($555 billion) in Dec. 2011, the highest since comparable data were made available in 2002, according to information provided by the Bank of Japan. Bonds made up 40.7 trillion yen of the total, according to the central bank data.
