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Japanese sell foreign assets, foreign Japan stock buys



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  • Week-ended June 29 saw Japanese sell-off foreign assets, focus on stocks

  • Net Y488.8 bln foreign stocks, Y254.4 bln bonds, Y67.3 bln bills sold

  • Stock sales on profit-takes on US stocks? EZ sold on political concerns?

  • Sales of foreign bonds maybe have been centred on French paper

  • On other side of ledger, foreign players bought net Y185.3 bln Japan stocks

  • Buys look to have increased exponentially after this reporting week

  • Japanese stocks a bargain on weak yen, cheap levels, EZ political jitters?

  • Other assets sold, net Y130.9 bln JGBs, Y1.1511 tln bills sold

  • Japan yields recently moving up into BOJ July JGB-buy taper announcement

  • See nAZN1WWJLG, previous comment nL1N3IP00T

  • For more click on FXBUZ


(Haruya Ida is a Reuters market analyst. The views expressed are his own)

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