SVB's collapse drives concern over Japanese banks' exposure to US bonds

The troubles at Silicon Valley Bank and its subsequent collapse have driven investor attention to the heavy investment in US bonds by Japan’s lenders, casting a pall over their shares.  
 

SVB’s woes have been rooted in tens of billions of dollars it plowed into longer-term bonds, confident that rates would stay steady. Japanese banks have also stepped up investment in foreign debt over the past decade as outgoing Bank of Japan Governor Haruhiko Kuroda’s aggressive monetary easing crushed domestic yields.  

While there aren’t any alarm bells ringing over the health of Japan’s banking sector — with the size of foreign-debt