The latest round of weekly international......>

JAPAN: The latest round of weekly international security flow data revealed that

Japanese investors were net sellers of foreign bonds, bringing an end to a

4-week streak of net purchases, and recording the largest round of net selling

seen since early May (Y522.8bn).

- There was a slight uptick in Japanese net purchases of foreign stocks (to

Y210.4bn), representing a third straight week of net purchases, with only one

week of net selling of foreign stocks recorded since the turn of the fiscal

year.

- Foreigners remained net sellers of Japanese bonds in the most recent week,

registering a second consecutive week of net sales, although the rate of the

shedding virtually slowed (to Y746.5bn). Foreigners have been sellers of

Japanese paper in 4 out of the last 5 weeks.

- Finally, foreign investors racked up a 4th straight week of net selling of

Japanese equities, although the pace slowed dramatically (to Y77.0bn).