Plenty To Note In Weekly International Security Flow Data

Bonds dominated the latest round of Japanese weekly international security flows data, with Japanese investors shedding foreign bonds for a sixth straight week (the Japanese FY end and recent run of JPY weakness potentially explains that dynamic). Meanwhile, foreign investors were net sellers of Japanese bonds for a third consecutive week, even after the BoJ reinforced its YCC settings.

• When it comes to equities, Japanese investors recorded the largest weekly amount of net selling of foreign equities since early January, while foreign investors broke a streak of nine consecutive weeks of net sales of Japanese equities.