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Japan Investors Step Up Offshore Bond Purchases

JAPAN DATA
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Offshore investors maintained net purchases of local stocks and bonds last week. However, the pace of inflows slowed. We had ¥248.1bn coming into local stocks, the fourth straight week of inflows, while purchases of local bonds was ¥427.4bn. This was the first back to back inflows into local bonds since the mid March period.

  • In terms of outbound flows from local investors, we had a surge in purchases of offshore bonds (¥2192.2bn). This was the largest weekly purchase since late Dec last year. A softer core yield backdrop through the middle part of last week may have contributed to these domestic outflows.
  • Offshore purchases of foreign stocks rebounded, but the trend has been indifferent in recent weeks for this segment.

Table 1: Japan Weekly Foreign Investment Flows

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Offshore investors maintained net purchases of local stocks and bonds last week. However, the pace of inflows slowed. We had ¥248.1bn coming into local stocks, the fourth straight week of inflows, while purchases of local bonds was ¥427.4bn. This was the first back to back inflows into local bonds since the mid March period.

  • In terms of outbound flows from local investors, we had a surge in purchases of offshore bonds (¥2192.2bn). This was the largest weekly purchase since late Dec last year. A softer core yield backdrop through the middle part of last week may have contributed to these domestic outflows.
  • Offshore purchases of foreign stocks rebounded, but the trend has been indifferent in recent weeks for this segment.

Table 1: Japan Weekly Foreign Investment Flows

Keep reading...Show less