The standout from this week's Japanese........>

JAPAN: The standout from this week's Japanese international security flow data

saw Japanese investors record a second straight week of large foreign bond

purchases, as they racked up a net Y1.4205tn worth of foreign paper (slightly

less than the Y1.6351tn seen last week). This pushed the 4-week rolling sum of

the measure to the highest level since September.

- Foreign investors' purchases of Japanese paper moderated to Y370.6bn in the

most recent week. Still, this represented a 4th consecutive week of net

purchases, which pushed the 4-week rolling sum to the highest levels seen since

December 2018.

- Japanese investors were marginal net sellers of foreign equities (Y41.9bn),

after 6 straight weeks of net purchases.

- Foreigners reverted to net sales of Japanese equities (Y214.4bn).