Japanese Investors Resume Repatriating Foreign Assets
Japanese investors sold 804.4 billion yen ($7.8 billion) worth of foreign bonds last week after three straight weeks of net buying, as they took advantage of the soft yen to repatriate overseas investments.
(Read More: Bank of Japan to Bond Markets: We Hear You)
The Ministry of Finance data showed they repatriated 1.04 trillion yen in the week through May 18. Japanese investors repatriated 9.89 trillion since the end of 2012.
(Read More: Volatile Bond Market Puts Bank of Japan in a Spin)
Foreign investors were net buyers of Japanese stocks last week, with a net inflow of 716.0 billion yen after they bought 879.4 billion yen of equities in the previous week.