July 04, 2024 00:07 GMT
Offshore & Local Investors Continue To Sell Bonds
JAPAN DATA
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Japan offshore investment flows were mixed in the final week of June. Offshore investors continued to sell local bonds, albeit at a reduced pace compared to the prior week, see the table below. The trend remains for outflows form this space. We saw net outflows in 3 out of 4 weeks in June, while Q2 as a whole saw
-¥3233bn in net outflows. Expectations around higher BoJ tapering bond buying plans may be headwinds for flows in this space.
- Offshore investors purchased local equities to the tune of ¥185.3bn. Net flows for the whole of June were still negative though.
- In terms of Japan outbound flows, we saw local investors continue to sell offshore bonds. June as a whole saw firm selling in this segment and this was the general trend through Q2.
- On the equity front, local investors sold offshore equities last week.
Table 1: Japan Weekly Investment Flows
Billion Yen | Week ending June 28 | Prior Week |
Foreign Buying Japan Stocks | 185.3 | -85.4 |
Foreign Buying Japan Bonds | -130.9 | -1606.1 |
Japan Buying Foreign Bonds | -254.4 | -1062 |
Japan Buying Foreign Stocks | -488.8 | 119.3 |
Source: MNI - Market News/Bloomberg
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