International Transactions in Securities data from Japan’s Ministry of Finance, for the week ended December 6:
- Japan Buying Foreign Bonds, Y 413.2B (previous week was Y 65.5B)
- Japan Buying Foreign Stocks, Y -127.5B (previous week was Y -66.4B)
- Foreign Buying Japan Bonds, Y -13.9B (previous week was Y 57.6B)
- Foreign Buying Japan Stocks, Y 113.8B (previous week was Y 368.7B)
Japan Buying Foreign Bonds:

Flows offshore continue, still not a huge amount though … but cumulatively it is building
The yen impact is marginal, USd/JPY up a couple of points.