In addition, retail investors' direct share of Japan's foreign-currency market may be 20-30%, whereas individuals' holdings of foreign currency exceed foreigners' holdings of Japanese securities.

另外，个人投资者在日本外币市场可能直接拥有20 - 30%份额，尽管日本个人投资者持有的外币额超过国外投资者所拥有的日本证券的额度。

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Article 3 the term "foreign currency debentures" mentioned in these Measures refers to negotiable securities which are expressed in foreign currency and form a credit-debt relationship.

第三条本办法所称“外币债券”是指以外币表示的、构成债权债务关系的有价证券。

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The article quotes a Japanese securities analyst saying the holders of Japanese yen have been selling, and buying foreign currency to make investments in higher yielding foreign currencies.

FORBES: Is Smart Money Betting on a Weaker Yen?