TOKYO, June 27 Japanese investors' net selling
of foreign bonds hit its highest level in 14 months last week as
they continued to defy expectations Japan's radical monetary
policy to reflate its economy would lead to a flight of
investment out of the country.
They sold 1.1875 trillion yen ($12 billion) worth of foreign
bonds in the week through June 22, the largest since the first
week of April last year and a sixth straight week of net
Ministry of Finance data showed Japanese investors
repatriated a net 1.1204 trillion yen last week after they
bought 13.9 billion yen of foreign equities and 53.1 billion yen
of money market instruments.
Since the beginning of 2013, Japanese investors have
repatriated 14.62 trillion yen, compared with an outflow of 5.36
trillion yen the same period last year.
Foreign investors were net buyers of Japanese equities last
week, with a net inflow of 171.2 billion yen after they sold 3.1
billion yen of stocks in the previous week.