A significant shift in global capital is occurring due to Japan's bond rout. Global fund managers and data indicate a steady drawdown of overseas debt holdings.

The total value of these holdings is substantial, at $2.4 trillion. Despite the large amount, there is currently no indication that all of these holdings will be sold off at once.

Further details on this development are available, providing insight into the ongoing changes in global capital flows and the impact of Japan's bond market on overseas debt holdings.