As the chart above shows, the return of FLJP has been loosely linked with the annual increase in the Bank of Japan's holdings of government securities.

Source: https://seekingalpha.com/article/4614748-fljp-boj-delaying-tightening-as-long-as-possible?source=feed_all_articles

Ltd., Giltej Management Services, which failed to deliver the government securities to the NDCCB and it incurred huge losses.

Source: https://www.ibtimes.co.in/cong-jolted-maha-mla-sunil-kedar-gets-5-yr-jail-nagpur-bank-scam-864886

Still, Ricafort said the share of government securities in gross inflows continued to be lower than the 45 percent recorded in November 2022, as yields on long-term Philippine Treasury bonds decreased in January.

Source: https://business.inquirer.net/387999/net-inflow-of-hot-money-skyrocketed-in-jan-to-292m

The EPF by statute was required to invest a vast majority of their funds in government securities which till Thursday were considered gilt-edge investments.

Source: http://www.srilankaguardian.org/2023/07/sri-lanka-debt-and-destruction.html