Japan stocks see record weekly outflows as yields hit record high - BofA

LONDON, May 30 (Reuters) - Japanese stocks saw their largest weekly outflow on record, Bank of America Global Research said in a note citing EPFR data on Friday, as the country's long-dated bond yields hit record highs due to concerns about its fiscal deficit.

Japanese stocks saw outflows of $11.8 billion in the week to Wednesday, BofA said, while global equities saw outflows of $9.5 billion, the largest this year.

U.S. stocks saw outflows of $5.1 billion, however, European shares saw inflows of $1 billion, the seventh straight week of inflows.