They can also thank Asian central Banks for helping to keep interest rates low in rich countries as they recycle their foreign-exchange reserves into government bonds.

农民们得感谢亚洲国家央行为富裕国家的低利率所做的贡献：将本国外汇储备变为富裕国家的国债。

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This will include the purchase of government bonds, corporate bonds, stocks, and possibly foreign government bonds.

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Japanese individuals invest in foreign government bonds and currencies in investment trust units known as Toshin funds.

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After all, municipal bonds overall have significantly lower default rates than corporate and foreign government bonds, and their permanent losses are even smaller.

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