Japan Buys ¥1.92T Foreign Bonds, ¥250.8B Stocks; Eurozone Trade Surplus Hits €36.8B NSA High

In May 2025, Japan significantly increased its foreign bond investments to ¥1,923.2 billion, up from ¥435.2 billion previously, and raised its foreign stock investments to ¥250.8 billion from ¥133.8 billion. Japanese holdings of US Treasury securities also rose slightly to $1.131 trillion in March from $1.126 trillion in February. Meanwhile, the Eurozone reported a strong trade surplus in March, with the adjusted trade surplus widening to €27.9 billion from a revised €22.7 billion in the prior month. The non-seasonally adjusted trade balance reached €36.8 billion, the highest level in 20 years, marking a 61.4% increase compared to the previous period. Italy's international trade balance stood at €3.657 billion, down from €4.466 billion, while its trade balance within the EU showed a deficit of €2.453 billion, widening from a previous deficit of €361 million. Additionally, US Treasury International Capital (TIC) long-term transactions increased to $161.8 billion in March from $112.0 billion previously, and overall US net capital flows were $254.3 billion, slightly lower than the previous $284.7 billion.