Japanese sell record $23 bln of foreign bonds last week amid US jitters


TOKYO, Oct 10 (Reuters) - Japanese investors sold a recordamount of foreign bonds on a net basis last week, offloadingnearly $23 billion worth, amid concerns over whether U.S.lawmakers would reach a deal to raise the federal debt ceilingby mid-October and avoid a historic default.

Japanese investors sold a net 2.226 trillion yen ($22.9billion) in foreign bonds in the week through Oct. 5, Ministryof Finance data released on Thursday showed. That was thelargest amount since the ministry began collecting the data in2005.

With pressure rising and no clear path forward for breakingtheir fiscal impasse, President Barack Obama launched a seriesof White House meetings with lawmakers on Wednesday to searchfor a way to end a government shutdown and raise the borrowinglimit by Oct. 17.

Foreign investors also turned net sellers in Japaneseequities, with 27.1 billion yen of outflows last week, afterfourth straight weeks of buying.

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