April 18, 2024 00:04 GMT
Offshore Investors Continue To Buy Local Stocks, Japan Investors Sell Overseas Bonds
JAPAN DATA
Offshore buying of Japan stocks was strong for the second straight week. Net inflows of ¥1740bn was just under what we saw in the prior week. This ended the run of outflows since mid-March. Over the past month net inflows have been positive at ¥711.8bn. Offshore investors also bought local bonds, but only a modest ¥50.7bn. Net flows over the past month are still negative into this space.
- Local Japan investors were large net sellers of offshore bonds (-¥1005.9bn). This came in the week where the US CPI upside surprise drove a surge in yields. Net selling of this segment has been over ¥2300bn in the past month.
- Local investors bought ¥53.9bn of overseas stocks. This only partially reverses net selling from the prior week. The trend remains for net outflows for this segment.
Table 1: Japan Weekly Investment Flows
Billion Yen | Week ending Apr 12 | Prior Week |
Foreign Buying Japan Stocks | 1740.0 | 1764.9 |
Foreign Buying Japan Bonds | 50.7 | -348.9 |
Japan Buying Foreign Bonds | -1005.9 | 347.9 |
Japan Buying Foreign Stocks | 53.9 | -293.2 |
Source: MNI - Market News/Bloomberg
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