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Offshore Buying Of Local Equities Continues For 6th Straight Week

JAPAN DATA

Japan weekly investment flows showed offshore momentum continued into local equities. We saw ¥282bn in net equity purchases, marking the 6th straight week of positive flows into this space. Offshore investors also purchased local bonds, but the trend for this segment remains mixed in recent weeks and negative since mid-March. Japan yields have moved off recent highs in the first part of June.

  • In terms of domestic outflows, Japan investors purchased offshore bonds last week. The ¥1323bn in outflows more than offset last week's net sales, although the cumulative flow backdrop is negative for the past few months. Local investors sold offshore equities for the second straight week.

Table 1: Japan Weekly Investment Flows

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Japan weekly investment flows showed offshore momentum continued into local equities. We saw ¥282bn in net equity purchases, marking the 6th straight week of positive flows into this space. Offshore investors also purchased local bonds, but the trend for this segment remains mixed in recent weeks and negative since mid-March. Japan yields have moved off recent highs in the first part of June.

  • In terms of domestic outflows, Japan investors purchased offshore bonds last week. The ¥1323bn in outflows more than offset last week's net sales, although the cumulative flow backdrop is negative for the past few months. Local investors sold offshore equities for the second straight week.

Table 1: Japan Weekly Investment Flows

Keep reading...Show less