Nov 10 Reuters Japanese investments in foreign bonds and equities slowed in October, influenced by higher U.S. bond yields and a depreciating yen, data from Japan39;s Ministry of Finance showed.

According to the data, domestic investors accumulated a net 1.12 trillion yen 7.40 billion worth of overseas bonds last month in a third straight month of net buying. But the amount was much lesser than the 3.33 trillion yen invested in September.

They also poured 736.6 billion yen into foreign equities, much lesser than about 1.17 trillion yen they put in the previous month.

The U.S. 10year Treasury yield touched a 16year peak of 5.021 in October, though it has retreated by about 25 basis points since the start of November.

Japanese banks poured a net 609.2 billion yen into longterm overseas bonds last month after about 4.76 trillion yen worth of net buying a month ago. Meanwhile, trust accounts and insurers pulled out a net 210.8 billion yen and 270.6 billion yen, respectively.

Yeartodate data indicated that Japanese investors were net purchasers of U.S. bonds, buying about 18.81 trillion yen worth by September, while they emerged as net sellers of European debt, offloading 1.25 trillion yen.

1 151.3700 yen

Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Rashmi Aich

Source Reuters