JPY: Japanese investment in foreign securities at all-time high – Nomura

FXStreet (Delhi) – Yujiro Goto, Research Analyst at Nomura, notes that the Japanese investment in foreign securities accelerated further as they accumulated JPY869bn ($7.2bn) of foreign equities during the week ending 5 September, the biggest amount ever.

Key Quotes

“They also accelerated investment in foreign bonds further to JPY1121bn ($9.3bn) from JPY900bn the previous week.”

“In total, just in a week, they bought JPY2047bn ($17.1bn) of foreign securities, the biggest amount since August 2010.”

“Net purchases of foreign securities continued for the eleventh straight week since late June, which suggests strong dip buying demand from Japanese investors.”

NZ: Economy likely to expand 0.8% in Q2 and 2.7% (YoY) – BNZ

Research Team at BNZ, suggest that the Thursday’s June quarter GDP report will be the focal point for New Zealand this week. We anticipate a 0.8% gain in Q2 GDP (with risks tilted to 0.7%) and an expansion of 2.7% on a yearly basis for the Kiwi economy, the team further suggests.
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Yen flipped to gains on eventless BOJ, UK CPI, ZEW – Next in focus

The Bank of Japan (BOJ) left its monetary policy setting unchanged at its monetary policy decision held today, squashing hopes of many doves, who widely anticipated more hints on further easing this October.
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