Japan pension fund becomes net government bond seller

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JAPAN - Japan's public pension fund sold more government bonds than it bought for the first time in nine years, underscoring concern that an aging population will make domestic investors less able to finance state borrowings.

The fund sold a net 443.2bn yen ($5bn) of Japanese government bonds in the year ended March 31, according to Bank of Japan data released last month. It held 79.5trn yen of the securities at the fis...

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