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Foreign investors bought Japanese bonds for 1.72 trillion yen in the first week of December. According to the Ministry of Finance data dating back to January 2005, this is the highest ever. The tendency of such bulk purchase may complicate the yield curve control of the Bank of Japan. It is a natural flow for foreigners to buy Japanese government bonds in a risk-off environment, said Steven Inness, Oanda Asia Pacific Regional Trading Officer. “When the market is...