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Japan Investors Keep Repatriating Foreign Assets

Wednesday, 24 Apr 2013 | 8:47 PM ET
Fotopic | Photolibrary | Getty Images

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.

(Read More: Why the Hype Over Dollar-Yen at 100 Is Overdone)

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.

(Read More: S&P Says One-Third Chance of Japan Downgrade)

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.

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