Foreign investors turn net buyers of Japanese equities
Weekly Japan flow data showed foreign investors bought ¥2,191.9 billion of Japanese stocks after selling ¥362.0 billion the prior week.
Japan's latest portfolio flow data showed a sharp swing in foreign demand for domestic equities. Foreign investors bought ¥2,191.9 billion of Japanese stocks, compared with ¥362.0 billion of selling in the prior week.
Foreign investors also bought ¥585.7 billion of Japanese bonds after selling ¥1,341.8 billion previously. Meanwhile, Japanese investors bought ¥1,324.6 billion of foreign stocks, up from ¥225.8 billion, and sold ¥347.6 billion of foreign bonds, a smaller outflow than the prior ¥684.5 billion.
The data point to renewed foreign buying of Japanese risk assets alongside stronger domestic demand for overseas equities.
Source: First Squawk