Battle Over the Yen: Investors vs. Speculators
Marc Chandler submits:
Japan’s Ministry of Finance publishes portfolio flows on a weekly basis. The latest data released earlier today shows the general continuation of recent trends. Japanese investors continue to buy foreign bonds and stocks. Over the past nine weeks, Japanese investors have purchased roughly $87 bln of foreign bonds and $15 bln of foreign equities.
Foreign investors have sold a little less than $20 bln of Japanese shares and sold a smidgen of Japanese bonds. The net portfolio flows out of Japan have been dominated by Japanese investors themselves.
