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13 Jun 2013
Flash: Foreign Investors exit Japan – BBH
FXstreet.com (London) - Research teams at BBH said that the Nikkei fell about 6.5% last week, and nearly matched that drop overnight.
USD/JPY losing on exits
The teams said that there was speculation that foreign investors, who had bought tens of billions of dollar worth of Japanese shares since Abe was elected prime minister, have just begun to exit. Yet the weekly Ministry of Finance data shows foreign investors were net buyers of (JPY113.6 bln or ~$1.1 bln) Japanese shares in the week ending June 7. “This is roughly half of the amount sold in prior two weeks (JPY269 bln). In May as a whole, the weekly MOF data shows foreign investors bought about $13.6 bln of Japanese shares”.
USD/JPY losing on exits
The teams said that there was speculation that foreign investors, who had bought tens of billions of dollar worth of Japanese shares since Abe was elected prime minister, have just begun to exit. Yet the weekly Ministry of Finance data shows foreign investors were net buyers of (JPY113.6 bln or ~$1.1 bln) Japanese shares in the week ending June 7. “This is roughly half of the amount sold in prior two weeks (JPY269 bln). In May as a whole, the weekly MOF data shows foreign investors bought about $13.6 bln of Japanese shares”.