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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.
JAPAN
The latest round of weekly international security flow data revealed that Japanese investors shed over Y1tn in foreign bonds for a second consecutive week, with the 4-week rolling sum of the measure cratering to fresh multi-year lows as Japanese investors likely used the latest leg of the rally in core government bond markets to shed existing longs. This represented the sixth consecutive week of net sales of foreign bonds on the part of Japanese investors.
- Elsewhere, foreign investors were net buyers of Japanese bonds for a second consecutive week. A reminder that this comes after the record weekly net selling observed two weeks prior, when offshore tested the BoJ’s resolve re: its YCC settings, so this likely represents continued short covering.
- Elsewhere, Japanese investors lodged the largest weekly round of net purchases of foreign equities seen since December, while foreign investors sold Japanese equities for a third straight week.
| Latest Week | Previous Week | 4-Week Rolling Sum | |
|---|---|---|---|
| Net Weekly Japanese Flows Into Foreign Bonds (Ybn) | -1415.4 | -1599.3 | -4365.6 |
| Net Weekly Japanese Flows Into Foreign Stocks (Ybn) | 1191.7 | 51.4 | 1115.7 |
| Net Weekly Foreign Flows Into Japanese Bonds (Ybn) | 330.5 | 666.9 | -4916.8 |
| Net Weekly Foreign Flows Into Japanese Stocks (Ybn) | -490.4 | -419.1 | -1645.8 |
Fig. 1: Net Weekly Japanese Flows Into Foreign Bonds (Ybn
Source: MNI - Market News/Bloomberg/Japanese Ministry Of Finance
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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.
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