Weekly Net International Security Flows Moderate

Net flows moderated in outright size terms across all 4 of the major measures eyed in the weekly Japanese international security flow data

• Japanese investors pulled back on net buying of foreign bonds (Y419.8bn). This would suggest that lifers may have pulled back after some H2FY investment plan related deployment in the previous week (which saw a net Y1.9368tn worth of net purchases)
• Japanese investors also flipped to net sellers of foreign equities (Y162.8bn) lodging net sales for a 5^th week in 6.
• Foreign investors registered a 3^rd straight week of net purchase of Japanese bonds (Y392.4bn), as the 4-week rolling sum of the measure moved into positive territory for the 1^st week in 4.
• Foreign investors reverted to net sales of Japanese equities in the most recent week (Y94.0bn), although the 4-week rolling sum jumped further into positive territory as one week of sizable net sales fell out of the sample.