No Changes In Direction Of International Security Flows

There was no changes in net direction across the 4 major metrics within the weekly Japanese international security flow data.

• Japanese investors pared back their net sales of foreign bonds last week, but still lodged a 4^th consecutive week of net sales.
• They also upped their net purchases of foreign stocks, registering a 3^rd consecutive week of net buying in the process.
• Foreign investors pared back their net sales of Japanese bonds in the week that came after the latest BoJ decision (with the BoJ reaffirming its stance), although net selling still comfortably topped the Y1tn mark, allowing the 4-week rolling sum of the metric to plummet to fresh lows.
• Finally, offshore net sales of Japanese equities slowed from the sharpest rate observed since ’20 (observed in the prior week), with international investors now shedding Japanese equities for 6 consecutive weeks.

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