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Flow Data Shows Lack Of Japanese Participation In Last Week’s FI Sell Off

JAPAN

The latest Japanese weekly international security flow data revealed relatively limited net flows when it comes to the four major headline metrics. We do note that Japanese investors were marginal net buyers of foreign bonds amid the BoE/ECB/NFP-inspired sell off. Although those particular flows were insignificant in net terms, it is interesting that Japanese investors didn’t participate in the sell off, on net. Note that some desks flagged Japanese repatriation flows in U.S. Tsy trade early this week (Monday & Tuesday) i.e. U.S. Tsy selling.


Latest WeekPrevious Week4-Week Rolling Sum
Net Weekly Japanese Flows Into Foreign Bonds (Ybn)72.9-555.2469.2
Net Weekly Japanese Flows Into Foreign Stocks (Ybn)264.5690.7337.5
Net Weekly Foreign Flows Into Japanese Bonds (Ybn)287.7561.8-307.6
Net Weekly Foreign Flows Into Japanese Stocks (Ybn)-234.4-120.9-357.0

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

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

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