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Another Round Of Net Selling Of Foreign Bonds Seen Near Month-End

JAPAN

The latest round of weekly Japanese international security flow data was dominated by the net selling of foreign bonds by Japanese investors, bringing an end to a 3-week run of net purchases. The latest weekly release reveals a pattern of notable net selling of foreign bonds by Japanese investors during the final full week of the calendar month covering the Apr-Jun '21 period (such a dynamic was also witnessed in Feb '21, but not Mar '21, with the Feb instance linked to rebalancing of the broader portfolios ahead of the turn of the Japanese FY), although the Jun '21 instance represented the smallest round of such net selling. Still, the 4-week rolling sum of the measure remained comfortably in positive territory (it actually nudged higher as the large round of net selling at the end of May fell out of the sample).

  • There was little to note elsewhere in the dataset.
Latest WeekPrevious Week4-Week Rolling Sum
Net Weekly Japanese Flows Into Foreign Bonds (Ybn)-1026.5983.51034.8
Net Weekly Japanese Flows Into Foreign Stocks (Ybn)22.7-208.1-12.4
Net Weekly Foreign Flows Into Japanese Bonds (Ybn)-281.5291.01809.7
Net Weekly Foreign Flows Into Japanese Stocks (Ybn)-147.1-191.7-279.8

Source: MNI - Market News/Bloomberg/Japanese Ministry Of Finance

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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