Japan data: Foreign investors bought the most Japanese bionds last week for 12 months

The weekly data for last week showed, in part:

• Foreign Investment in Japanese Bonds of 2066.5bn yen (previous week was +330.5bn

Leading into the previous Bank of Japan meeting foreigners were selling record amounts of JGBs. Analysts were pointing to the outflows (amongst other reasonings) as a sign the BOJ would be forced to abandon its yield curve control (over 10-year JGBs). The BOJ reaffirmed its YCC policy at that meeting though.