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Offshore Investors Return To Local Stocks In The First Week Of 2024

JAPAN DATA

In the week ending January 5, offshore investors added ¥296.2bn to Japan stocks. This followed outflows in the final two weeks of 2023. The prior trend had generally been solid in terms of positive momentum since the end of September. In terms of offshore purchases of local bonds, we saw net outflows of -¥402.7bn, nearly offsetting the inflows seen in the final week of 2023.

  • Japan buying of offshore bonds picked up in the first week of this year, while purchases of offshore stocks was also positive, see the table below. Again, the trend around offshore bond purchases was mostly positive through Dec.

Table 1: Japan Weekly Investment Flows

Billion YenWeek ending Jan 5Prior Week
Foreign Buying Japan Stocks 296.2-337.3
Foreign Buying Japan Bonds -402.7460.7
Japan Buying Foreign Bonds542.3-204.8
Japan Buying Foreign Stocks190.740.3

Source: MNI - Market News/Bloomberg

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