Japanese Investors Resume Repatriating Foreign Assets

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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.

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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.