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Offshore Buying Streak Of Local Equities Ends

JAPAN DATA

The streak of offshore buying of Japan stocks has come to an end. Last week saw -¥206bn in net outflows from this segment. This was the first outflow since the end of 2023. Still, net inflows YTD stand at +¥3612.7bn. With Japan markets making fresh highs in recent weeks, the outflows from last week may have reflected some position squaring/profit taking. Offshore investors were modest net sellers of local bonds, making the second consecutive week of outflows.

  • In terms of Japan offshore buying, local investors were net sellers of offshore bonds for the second straight week. Net outflows for this segment were still positive by over ¥1000bn for Feb as a whole.
  • Japan purchases of offshore stocks continued for the third straight week.

Table 1: Japan Weekly Investment Flows

Billion YenWeek ending Feb 23Prior Week
Foreign Buying Japan Stocks -206.0382.5
Foreign Buying Japan Bonds -19.0-521.1
Japan Buying Foreign Bonds-257.0-570.9
Japan Buying Foreign Stocks225.9359.7

Source: MNI - Market News/Bloomberg

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