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JAPAN
JAPAN: The latest batch of Japanese weekly international security flows data
showed that Japanese investors sold a hefty Y1.1885tln in foreign bonds. This
adds credence to numerous desks' view that Japanese investors are not receiving
any benefit from investing in US Tsys once they have hedged their FX exposure
(owing to a spike in JPY hedging costs). It also points to repatriation heading
in to FY end.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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