BUZZ-Japanese divest of foreign assets latest reporting week
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MOF flow data for week-ended Oct 26 show Japanese divesting foreign assets
Not surprising given risk events including BOJ today, US data, US elections
Japanese sold net Y397.6 bln foreign stocks, Y889.6 bln bonds
Follows sales of stocks, bonds in week-ended Oct 19 and Oct 12
Stocks sales effectively profit-takes after recent record highs on Wall St
Bond sales ahead of buys later at higher yields? US yields recently on up-up
On other side of ledger, foreign investors interest in Japan assets mixed
Little change in Japan stock holdings, only up Y8.0 bln, large buys prev wk
Net Y277.9 bln JGBs bought but Y682.6 bln bills sold, suggests flatteners
Follows massive Y2.4607 tln bills buys and Y487.1 bln JGB sales prev week
BOJ seen on hold on rates today, debate however on possible December hike
See nAZN2JJ40F, on BOJ policy nL1N3M600T, for more click on FXBUZ
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
