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Offshore Buying Of Local Equities Continues, Albeit At A Reduced Pace

JAPAN DATA

Offshore purchases of Japan stocks and bonds continued last week, albeit at a reduced pace compared to the previous week. Inflows into stocks were ¥286.7bn, while net bond inflows totaled ¥348.6bn. This continued the run of inflows into local stocks since the start of this year (the third straight week). For bond inflows it was the second consecutive week, but the trends have been more mixed in terms of flows into this segment since late 2023.

  • In terms of Japan domestic flows, local residents were modest net sellers of offshore bonds, but this only modestly offset the strong outflows seen in the prior week.
  • Purchases of offshore equities continued, but at a reduced pace compared to the prior week.

Table 1: Japan Weekly Investment Flows

Billion YenWeek ending Jan 19Prior Week
Foreign Buying Japan Stocks 286.71202
Foreign Buying Japan Bonds 348.6980.3
Japan Buying Foreign Bonds-48.01689.3
Japan Buying Foreign Stocks130.4783.3

Source: MNI - Market News/Bloomberg

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