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JAPAN DATA: Offshore Inflows To Both Equities & Bonds Picks Up

JAPAN DATA
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Japan weekly investment flows were firmer across the board in absolute terms for the week ending Oct 4, see the table below. There was a pick up in offshore purchases of both local bonds and local equities. The further recovery into local equities from offshore investors looks to reflect catch up with the rebound in headline Japan equity indices, albeit which are still short of YTD highs. 

  • On the bond front, this was also the second straight week of net inflows. Last week the new Japan government cautioned against further BoJ rate rises in the near term.
  • In terms of Japan outbound flows, we saw a return to offshore purchases of overseas debt. This marks 3 out of the last 4 weeks we have seen positive outflows. Still, given the sell-off in US fixed income since last week's US NFP report, such trends may be more muted for this week.
  • Purchases of offshore equities continued by local residents. 

Table 1: Japan Weekly Offshore Investment Flows 

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Japan weekly investment flows were firmer across the board in absolute terms for the week ending Oct 4, see the table below. There was a pick up in offshore purchases of both local bonds and local equities. The further recovery into local equities from offshore investors looks to reflect catch up with the rebound in headline Japan equity indices, albeit which are still short of YTD highs. 

  • On the bond front, this was also the second straight week of net inflows. Last week the new Japan government cautioned against further BoJ rate rises in the near term.
  • In terms of Japan outbound flows, we saw a return to offshore purchases of overseas debt. This marks 3 out of the last 4 weeks we have seen positive outflows. Still, given the sell-off in US fixed income since last week's US NFP report, such trends may be more muted for this week.
  • Purchases of offshore equities continued by local residents. 

Table 1: Japan Weekly Offshore Investment Flows 

Keep reading...Show less