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21 May 2013
Flash: Japanese investor net seller of Foreign denom toshins last week - Nomura
FXstreet.com (Barcelona) - Nomura Strategist, Yujiro Goto notes that Japanese investors are estimated to have sold JPY97bn (USD1.0bn) of foreign currency-denominated toshins last week according to NRI.
He sees that this is the first net selling in four weeks and by contrast, retail investors accelerated their investment in domestic assets via toshins to JPY76bn (USD0.7bn) from JPY7bn. Further, retail investors still prefer domestic risky assets to foreign assets for now. He writes, “As we explained in the recent report, we will focus on the increasing popularity of foreign currency-denominated Japanese equity toshins, which generate JPY selling.”
He sees that this is the first net selling in four weeks and by contrast, retail investors accelerated their investment in domestic assets via toshins to JPY76bn (USD0.7bn) from JPY7bn. Further, retail investors still prefer domestic risky assets to foreign assets for now. He writes, “As we explained in the recent report, we will focus on the increasing popularity of foreign currency-denominated Japanese equity toshins, which generate JPY selling.”