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Japanese investment in foreign securities recovered in June, as banks became net buyers of foreign bonds again, notes the research team at Nomura.

Key Quotes

“Momentum of foreign investment activities excluding banks remained largely unchanged in June. Lifers were small net sellers of foreign bonds, but pension funds and toshin companies were major net buyers.”

“Pension funds were also net buyers of domestic equities, confirming their strong dip buying stances. Foreign investors were major net sellers of Japanese equities in June, but the recent weekly data show their demand for Japanese equities has recovered recently.”