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Offshore Investors Continue To Buy Local Stocks

JAPAN DATA

Last week saw a turnaround in foreign buying of local bonds. This somewhat reversed the trend of the prior two weeks (albeit only partially), which saw large outflows, see the table below. Offshore buying of local equities continued, rising to ¥313.5bn, marking the 6th straight week of inflows into this space.

  • In terms of Japan outbound flows. Local investors sold offshore bonds (-¥388.4bn), but the trend for this segment has been mixed in recent weeks.
  • Outbound flows to overseas stocks continued, marking the 6th straight week of outflow to this sector.

Table 1: Weekly Investment Flows

Billion YenWeek ending Nov 3Prior Week
Foreign Buying Japan Stocks 313.510.5
Foreign Buying Japan Bonds 512.0-1672.7
Japan Buying Foreign Bonds-388.4240.8
Japan Buying Foreign Stocks145.0306.3

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