Japanese investors turned into net sellers of foreign equities in May for the first time in three months, as global stocks faced a decline due to a delay in raising U.S. debt ceiling, which sparked fears of a potential default.They sold 1.08 trillion yen ($7.74 billion) of overseas equities on a net basis
Japanese investors turned into net sellers of foreign equities in May for the first time in three months, as global stocks faced a decline due to a delay in raising U.S. debt ceiling, which sparked fears of a potential default.
Meanwhile, Japanese investors purchased overseas bonds of 3.38 trillion yen in May after about 1.36 trillion yen worth of net selling in April. Banks were net buyers of 3.29 trillion yen of long-term bonds, while insurance companies sold a marginal 56 billion yen.
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