Foreign investors' net sales of Japanese equities rose to the largest in nearly
two months in the week to Aug. 22, Japan's Ministry of Finance said, as rising
global bond yields tied to debt and inflation worries pressured tech and other
growth stocks. Net sales of Japanese shares totaled JPY 764.1 bln ($4.8 bln),
the biggest weekly outflow since the week to June 27. Long-term borrowing costs
in the US, Europe and Japan climbed to multi-decade highs last week. After two
consecutive weeks of net selling, foreigners turned to net buying of Japanese
government bonds, purchasing JPY 435.2 bln of JGBs. Short-term treasury bills
saw a second straight week of net outflows, with net sales of JPY 2.07 tln.
Japanese investors also net sold JPY 869.0 bln of foreign equities, the largest
outflow since the week to June 6.
