Japan Investors Keep Repatriating Foreign Assets
Japanese investors sold 862.6 billion yen ($8.7 billion) worth of foreign bonds last week, marking their sixth straight week of net selling, as they took advantage of the weak yen to repatriate overseas investments.
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The Ministry of Finance data showed they repatriated 935.6 billion yen in the week through April 20. Investors have repatriated 9.5 trillion yen since the end of 2012.
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Foreign investors were net sellers of Japanese equities last week, with a net outflow of 27.9 billion yen after they bought 1.57 trillion yen of stocks in the previous week.