Flash: Toshin momentum is slowing for now - Nomura

FXstreet.com (Barcelona) - Nomura Strategist Yujiro Goto notes that Japanese retail investors had purchased foreign securities via toshins for three months in a row until May, but momentum is likely to be slowing slightly now.

He expects toshin momentum to remain strong this year thanks to better economic conditions in Japan, but recent market volatility is likely to slow the momentum for now. He writes, “To gauge the momentum going forward, the many new toshin launches investing in Japanese equities in foreign currencies and foreign equities later this month are worth monitoring.”