BUZZ-Japanese back buying foreign bonds, foreign Japan bill buys

• Japanese back buying foreign bonds in week-ended Jan 11 - MOF data

• Net Y756.7 bln foreign bonds, Y173.7 bln bills, Y589.1 bln stocks bought

• Foreign bond buys reverse Y332.3 bln in sales previous week

• No doubt wider JGB-US Treasury rate differentials played a part

• Narrowing this week suggests next set of data likely to reverse to net sales

• New NISA-related buys played a part, likely to continue into March

• On other side of the ledger, foreign investors bid buyers of Japanese bills

• Net Y2.5791 tln bought, no speculation yet last week of BOJ hike possibility

• BOJ speculation fuelled on Gov Ueda/DepGov Himino-speak this week on debate

• Foreign investors also bought net Y313.3 bln Japanese stocks latest week

• Net Y501.2 bln in JGBs sold however as Japan yields up with yields in US, UK

• See nAZN34I3JM, for more click on FXBUZ

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