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JAPAN DATA: Offshore Investors Return To Equities, Bond Purchases Slow

JAPAN DATA
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Last week's offshore investment flows were were more muted in absolute sense relative to prior week's. Approaching month end may have been a factor. In terms of offshore inflows, we saw foreign investors buying both local stocks and bonds. The inflow into local stocks was the first positive weekly inflow since early August. As we noted last week, offshore investors had continued to sell local stocks despite a decent recovery recovery in the headline indices from the sharp risk off move at the start of August. Inflows to local bonds returned but only offset a fraction of the prior week's net selling. 

  • In terms of Japan outflows to the rest of the world, we were close to flat last week. The modest selling of offshore bonds was just the second week in the past 9 that we have seen such outflows. Local investors have been chasing better returns in the global bond space over this period.
  • Equity flows were just a touch above flat. 

Table 1: Japan Offshore Weekly Investment Flows 

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Last week's offshore investment flows were were more muted in absolute sense relative to prior week's. Approaching month end may have been a factor. In terms of offshore inflows, we saw foreign investors buying both local stocks and bonds. The inflow into local stocks was the first positive weekly inflow since early August. As we noted last week, offshore investors had continued to sell local stocks despite a decent recovery recovery in the headline indices from the sharp risk off move at the start of August. Inflows to local bonds returned but only offset a fraction of the prior week's net selling. 

  • In terms of Japan outflows to the rest of the world, we were close to flat last week. The modest selling of offshore bonds was just the second week in the past 9 that we have seen such outflows. Local investors have been chasing better returns in the global bond space over this period.
  • Equity flows were just a touch above flat. 

Table 1: Japan Offshore Weekly Investment Flows 

Keep reading...Show less