BUZZ-Japanese good buyers of foreign assets Jan 18 week
MOF flow data for wk-ended Jan 18 show good Japanese buys of foreign assets
Net Y489.8 bln foreign stocks, Y819.3 bln bonds, Y194.2 bln bills bought
Big chunks of these flows related to new-NISA, to continue into March-end
Tokyo sees such flows coming in chunks at least twice a month (if not more)
Locking in of especially higher US and UK yields, Wall Street buys cited
On other side of ledger, foreign investors tepid on Japanese stocks
Net Y66.1 bln sold but decent moves into JGBs, bills however
Latter tad surprising with market eyeing a BOJ 25 bp hike come Friday
Japanese yields have already perked up discounting a hike, locking lvls in?
Flows in latest week also could be mostly of trading nature to be reversed
Flows into JGBs net Y876.1 bln, bills Y1.3273 tln, adds to Y2.5839 tln prev
See nAZN36EWA2, previous comment nL1N3OD01D, for more click on FXBUZ
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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