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JAPAN DATA: Local Investors Sold Record Amount Of Offshore Bonds Last Week

JAPAN DATA
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Last week's offshore investment flows were dominated by local investors dumping offshore investments. The biggest flow was in terms of net selling around offshore bonds, with -¥4.5trln in this segment, see the table below. This was a record for weekly net selling. The rolling 3 month sum of flows into offshore bonds is still positive, but down trending sharply back to flat, as global bond returns roll back over. This is presented in the chart below. Bond returns have suffered amid a resilient US data backdrop and hopes for an economic soft landing in 2025. 

  • Local Japan investors were also strong net sellers of offshore equities last week, which marked the 4th straight week of net selling in this segment.
  • In terms of offshore inflows into Japan, they were relatively muted last week. We did see offshore investors continue to buy local stocks, but the pace has moderated in recent weeks. 

Table 1: Japan Weekly Offshore Investment Flows 

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Last week's offshore investment flows were dominated by local investors dumping offshore investments. The biggest flow was in terms of net selling around offshore bonds, with -¥4.5trln in this segment, see the table below. This was a record for weekly net selling. The rolling 3 month sum of flows into offshore bonds is still positive, but down trending sharply back to flat, as global bond returns roll back over. This is presented in the chart below. Bond returns have suffered amid a resilient US data backdrop and hopes for an economic soft landing in 2025. 

  • Local Japan investors were also strong net sellers of offshore equities last week, which marked the 4th straight week of net selling in this segment.
  • In terms of offshore inflows into Japan, they were relatively muted last week. We did see offshore investors continue to buy local stocks, but the pace has moderated in recent weeks. 

Table 1: Japan Weekly Offshore Investment Flows 

Keep reading...Show less