The 20% by devo pips

 Last week, Japanese investors made big moves in the bond market, buying 1.54 trillion yen in long-term overseas bonds and 453.5 billion yen in short-term bonds. However, they sold 328.1 billion yen in foreign stocks after buying them for three weeks.

Nomura's Miyairi suggests not to overinterpret these moves for yen positioning, as some investors are using different financing methods.

Meanwhile, foreign investors bought about $3.5 billion in Japanese stocks after a significant drop in the Nikkei, and they also bought 1.44 trillion yen in long-term Japanese bonds and 561.8 billion yen in short-term securities.

Mizuho Securities’ Masafumi Yamamoto views this as bargain hunting, as the yen stabilizes and Japanese stocks offer buying opportunities. Overall, these actions reflect a strategic adjustment by major players in the market.

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