Foreign investors sell Japanese bonds for the fourth consecutive week – BBH

FXStreet (Barcelona) - The Brown Brothers Harriman Team shares last week’s MOF data, noting that foreign investors sold Japanese bonds for the fourth consecutive week, and also trimmed holdings in Japanese shares.

Key Quotes

“Last week's MOF data showed Japanese investors bought a record amount of foreign shares. There was a spike up in JGB bond yields. The combination of the two may reflect the ongoing diversification of Japanese pension funds and the reform of GPIF.”

“For their part, foreign investors have sold Japanese bonds for four consecutive weeks, a streak not seen in a year. Foreign investors have also pared their holdings of Japanese shares for the fourth week in the past five.”