Demand for Japanese bonds surged to a two-year high, with foreign investors net buying 3.4 trillion yen ($22.82 billion) amid concerns over U.S. tariff policies and a selloff in equities. However, short-term bonds saw outflows of 2.26 trillion yen, the largest in nearly seven months, while foreign equities experienced a withdrawal of 1.81 trillion yen, the highest since September. Japanese investors also divested 752.5 billion yen in foreign equities and 87.6 billion yen in long-term debt securities, although they purchased 128.7 billion yen in short-term bills.