Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
A quick look at the latest round of weekly Japanese international security flow data revealed that Japanese participants stuck to familiar net flow patterns, i.e. net selling of foreign equities & net buying of foreign bonds, for a fifth consecutive week. While some of this no doubt represents portfolio rebalancing, the net amount of foreign bond purchases exceeds the net amount of foreign equity sales over that time period (to the tune of ~Y1.144tn), which would suggest that some Japanese participants have started to take advantage of the pick ups offered by some of the major offshore global FI markets (we have flagged areas of appeal, in both FX-hedged and -unhedged terms in recent weeks).
- We should also note that the sample week represented the largest weekly round of Japanese net selling of foreign equities witnessed since November.
- On the other side of the ledger, foreign investors remained net buyers of Japanese bonds and equities in the most recent week, although the net buying moderated across both categories.
| Latest Week | Previous Week | 4-Week Rolling Sum | |
|---|---|---|---|
| Net Weekly Japanese Flows Into Foreign Bonds (Ybn) | 906.5 | 1715.5 | 3198.4 |
| Net Weekly Japanese Flows Into Foreign Stocks (Ybn) | -1145.1 | -622.5 | -2334.5 |
| Net Weekly Foreign Flows Into Japanese Bonds (Ybn) | 353.2 | 1226.5 | -240.2 |
| Net Weekly Foreign Flows Into Japanese Stocks (Ybn) | 286.3 | 641.1 | 1052.6 |
Source: MNI - Market News/Bloomberg/Japanese Ministry Of Finance
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.