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21 May 2015
Japanese investors increase purchase of foreign bonds – BBH
FXStreet (Barcelona) - The Brown Brothers Harriman Team shares that Japanese investors have continued to favour foreign assets, increasing purchase of foreign bonds to JPY 1.099 trln, highest since November.
Key Quotes
“The MOF weekly portfolio flow data showed that last week Japanese investors stepped up their purchases of foreign bonds. The JPY1.099 trln was the largest since last November. Yet, Japanese purchases of foreign stocks fell to JPY39.4 bln, the lowest since last November and have been trending lower since March. Foreign demand for Japanese assets has waned. They sold JGBs in sufficient size to practically offset the past three weeks of purchases. Foreign investors were big buyers of Japanese stocks in April, but demand has softened in May.”
Key Quotes
“The MOF weekly portfolio flow data showed that last week Japanese investors stepped up their purchases of foreign bonds. The JPY1.099 trln was the largest since last November. Yet, Japanese purchases of foreign stocks fell to JPY39.4 bln, the lowest since last November and have been trending lower since March. Foreign demand for Japanese assets has waned. They sold JGBs in sufficient size to practically offset the past three weeks of purchases. Foreign investors were big buyers of Japanese stocks in April, but demand has softened in May.”