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In contrast, flows into Chinese shares dropped the most among 14 emerging markets that are covered by Japan’s data on international investment positions.
Total assets of India equity-focused investment trusts in Japan grew 11%, or ¥237 billion ($1.6 billion), in January, according to data compiled by Bloomberg. Factoring in the gains of Indian stocks on the yen basis last month, the figures suggest inflows of about ¥140 billion into India equity funds, while Japanese stock funds had almost no net inflows.
Total assets of India equity-focused investment trusts in Japan grew 11%, or ¥237 billion ($1.6 billion), in January, according to data compiled by Bloomberg.
Japan has taken a baby step toward reducing its bloated budget to pre-COVID normal, but fiscal spending pressures on the government may not ease soon.
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