The latest weekly Japanese international......>

JAPAN: The latest weekly Japanese international security flow data revealed that

Japanese net purchases of foreign bonds more than doubled in the most recent

week (up to Y511.9bn from Y235.7bn), although there was nothing out of the

ordinary in terms of the nominal amount, which remains within the recent

tolerances. This was the second consecutive week of net purchases, which allowed

the 4-week rolling sum of the measure to return to positive territory (Y85.7bn),

after two weeks in negative territory.

- Net purchases of Japanese stocks printed at Y220.1bn in the most recent week,

with the level of weekly net purchases tightly clustered in the 3 most recent

rounds of weekly data.

- Net foreign purchases of JGBs more than halved, to Y227.4bn, representing a

4th consecutive week of purchases which allowed the 4-week rolling sum of the

measure to move further into positive territory, as the most recent week of net

selling dropped out of the sample.

- Elsewhere, foreign investors registered a second consecutive week of net

selling Japanese stocks, albeit at a nominal Y52.1bn.