Little To See In Weekly International Security Flow Data

The latest round of Japanese weekly international security flow data revealed no meaningful movement of the 4-week rolling sums covering the major metrics.

• Japanese investors reverted to buying foreign bonds last week, although as has been the case in recent weeks, the recent net purchases are dwarfed by the recent net sales, leaving the 4-week rolling sum comfortably in negative territory.
• Japanese investors also reverted to modest net sales of foreign equities after lodging the largest round of weekly net purchases seen since May '20 in the previous week.
• Foreign net purchases of Japanese bonds were registered for a 3^rd straight week and a 6^th week in 7, although the size of the net purchases was tame.

Source: MNI - Market News/Bloomberg/Japanese Ministry Of Finance