Japanese flows and yen show markets recovering from BOJ scare

Quick Summary:

Japanese investment data on Friday confirmed what the sliding yen had been pointing to all week, that after a scary burst of turmoil global investors were back to betting on the Bank of Japan going slow on rate rises and on the yen staying cheap.

"The underperformance of Japanese equities has been a good chance for foreign investors to buy".

Japanese investors, however, shed foreign shares worth a net 328.1 billion yen after three weeks of net purchases in a row.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Investors Billion Japanese Japan Data Been Weeks Last Carry Bonds Week

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 12:52:22 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 658 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22097732

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Main Topics: EconomyBusiness

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