22 Jan 2014
Flash: Japanese foreign investment flow more JPY negative - Nomura
FXstreet.com (Bali) - Japanese investment into foreign securities decelerated in December, notes Nomura.
Key Quotes
"Mainly due to net selling by banks and toshins."
"However, life insurance companies purchased foreign bonds at the highest pace since April, and the liquidation of foreign assets by pension funds slowed in December."
As toshin momentum has already recovered strongly in January, Japanese foreign investment flow is becoming more JPY negative, in our view."
Key Quotes
"Mainly due to net selling by banks and toshins."
"However, life insurance companies purchased foreign bonds at the highest pace since April, and the liquidation of foreign assets by pension funds slowed in December."
As toshin momentum has already recovered strongly in January, Japanese foreign investment flow is becoming more JPY negative, in our view."