Apr 18, 2013
Forex Flash: Markets want to see evidence of Japanese capital outflow - RBS
“This morning we have seen the JPY strengthen after the release of weekly international portfolio transactions data,” said RBS analysts, adding: “It revealed that Japanese institutions (Banks, insurers, security companies, Investment Trusts, Trust banks) in total net sellers of foreign bonds last week by JPY332bn, after selling the previous week by 1,114bn. On the other hand, foreigners were big buyers of Japanese equities snapping up JPY1569bn, after buying 868bn the week before. This will disappoint many that are eager to see evidence that Japanese investors are moving funds abroad in response to the BoJ's "qualitative and quantitative easing QQE" a week earlier on 4 April.”
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