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Inflows Into Japan Stocks Stretches To 8 Straight Weeks

JAPAN DATA

Offshore investors continued to buy Japan stocks last week. We saw ¥285.9bn in further net inflows. This stretches the weekly inflows run to eight consecutive weeks, albeit with last week's pace of inflows slightly down on the prior week.

  • Offshore investors returned to local debt markets, with ¥422.6bn in inflows last week, but the trend remains mixed on a week to week basis. We have had net selling since mid September, following a couple of large outflow weeks.
  • In terms of Japan outflows to the rest of the world, purchases of offshore debt were close to flat.
  • Japan net buying of offshore stocks returned last week (¥120.5bn), which has been the general trend going back to late September.

Table 1: Japan Weekly Investment Flows

Billion YenWeek ending Nov 17Prior Week
Foreign Buying Japan Stocks 285.9384.2
Foreign Buying Japan Bonds 422.6-296.1
Japan Buying Foreign Bonds2.5-65.8
Japan Buying Foreign Stocks120.5-73

Source: MNI - Market News/Bloomberg

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