The document discusses the potential increase in outward investment by Japanese private investors, particularly in foreign bonds, driven by changes in asset allocation decisions by pensions, depositories, and insurers. It highlights the correlation between the dollar-yen forward rate and investment allocations, predicting significant increases in overseas bond purchases, mainly US Treasuries, by 2016. The document includes data on outward investment stock by sector and changes in allocation versus financial indicators.
doj/DataSet10/EFTA01385925.pdf
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