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Japanese Capital Exports through Portfolio Investment in Foreign Securities

  • Hirohiko Okumura
  • James E. Hodder
  • Robin Webster

Abstract

As a component of Japan’s total capital exports, portfolio investments in foreign securities continue to occupy a major portion. However, in 1987, the relative weight of the private sector’s investments in foreign securities declined and this change in the composition of Japanese capital exports was one of the major factors which caused the turmoil in world financial markets. In this context, the future development of Japanese portfolio investment in foreign securities is a public policy issue of great importance. The purpose of this paper is to make clear the recent behaviour of Japanese institutional investors in this field which should have deep relationships with the change in the Japanese financial system.

Keywords

Financial Institution Government Bond Bond Market Portfolio Investment Foreign Asset 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 1.
    Kawai, M. and H. Okumura (1988) ‘Japan’s Portfolio Investment in Foreign Securities’, Japan Center for International Finance (JCIF) Policy Studies Series No. 9 (January).Google Scholar

Copyright information

© Charles A. E. Goodhart and George Sutija 1990

Authors and Affiliations

  • Hirohiko Okumura
  • James E. Hodder
  • Robin Webster

There are no affiliations available

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