Forex Flash: Interest in how Japanese investors react to new BoJ policy - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that there is keen interest in how Japanese investors are going to respond to the new, more aggressive BoJ monetary policy.

They begin by noting that the market was disappointed that last week´s MoF data showed that Japanese investors were not only net sellers of foreign bonds, but the sold the most in a year. They write, “This week's report, which will be released early Thursday in Tokyo, is eagerly awaited. In the meantime, this is the time of year that Japanese insurance companies announce their investment strategy for the new fiscal year. As a group, the insurance companies hold a little more than a fifth of the outstanding JGBs. The other larger holders of JGBs, pension funds and banks, are not so public with their investment intentions.”