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JAPAN DATA: Offshore Investors Buy Local Stocks, Japan Investors Sell Offshore

JAPAN DATA

After two weeks of outflows, offshore investors returned to Japan equities last week. We had ¥482.3bn in fresh inflows, only partially reversing the prior week's outflow. The general trend had been for positive offshore inflows since last Sep. On the bond side, we also saw offshore buyers stepping up purchases. Again, the trend on this front has mostly been positive in recent weeks. 

  • In terms of Japan outbound flows, we saw net selling by local investors of both offshore bonds and stocks.
  • For offshore stocks, local investors have sold in 8 out of the last 9 weeks, showing a firmer home bias. 

Table 1: Japan Weekly Offshore Investment Flows

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After two weeks of outflows, offshore investors returned to Japan equities last week. We had ¥482.3bn in fresh inflows, only partially reversing the prior week's outflow. The general trend had been for positive offshore inflows since last Sep. On the bond side, we also saw offshore buyers stepping up purchases. Again, the trend on this front has mostly been positive in recent weeks. 

  • In terms of Japan outbound flows, we saw net selling by local investors of both offshore bonds and stocks.
  • For offshore stocks, local investors have sold in 8 out of the last 9 weeks, showing a firmer home bias. 

Table 1: Japan Weekly Offshore Investment Flows

Keep reading...Show less