MOF data show Japanese returning to foreign bonds
MOF flow data for week-ended Nov 9 show Japanese returning to foreign bonds
Net Y1.7246 tln bought on higher yields after Trump victory in US elections
Follows whopping Y4.4579 tln net sales previous week, sales prev weeks too
Buys in latest week maybe just buy-backs, short-run plays
That said, renewed widening in Japan-US yield differentials enticing some
Stronger USD trend also a reason for longer-term institutional investment?
Latest week as Japanese sell net Y922.1 bln foreign stock sales
Rather than US with indices at record highs, sales of EZ, other stocks?
Follows net Y1.1736 tln in sales the previous week
Anecdotal evidence Japanese institutional investors preferring local stocks
On other side of ledger, foreign investors bought net Y513.9 bln Japan stks
Net Y1.5003 tln bills bought too, some from Y308.6 bln net JGB sales
See nAZN2MBIPU, previous comment nL1N3MF012
For more click on FXBUZ
Japanese investments in U.S. and European assets (monthly): https://tmsnrt.rs/3ZXC1n7
Japanese investments in overseas assets (monthly): https://tmsnrt.rs/41cPIPX
Japanese investments in overseas debt securities: https://tmsnrt.rs/3JW3oI3
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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