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Offshore Appetite For Local Stocks & Bonds Recovers Further

JAPAN DATA

Offshore appetite for Japan local equities and bonds recovered further last week. Offshore investors bought ¥1259.9bn of local stocks, only down slightly on the previous week's inflow pace. This follows outflow trends through much of August and September. Inflows into local bounds also rebounded, up ¥947.8bn, more than reversing the previous week's outflow.

  • In terms of Japan outbound flows, local investors bought ¥794bn of offshore bonds. The pick-up in buying of overseas equities was more modest, up ¥178.6bn.

Table 1: Japan Weekly Investment Flows

Billion YenWeek ending October 13Prior Week
Foreign Buying Japan Stocks 1259.91437.5
Foreign Buying Japan Bonds 947.8-643.7
Japan Buying Foreign Bonds794.0185.4
Japan Buying Foreign Stocks178.645.2

Source: MNI - Market News/Bloomberg

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