BUZZ-Foreign investors sell Japan, Japanese sell foreign bonds

• Japan MOF flow data for week-ended Dec 21 show foreign investor Japan sales

• Net Y1.0226 tln Japanese stocks, Y1.9522 tln JGBs, Y2.595 tln bills sold

• Pre-calendar year-end position adjustments/profit-taking likely behind moves

• Follows a more dovish-than-thought BOJ on December 19, rallies in Japan mkts

• Japanese stocks will likely be bought again early next year given buoyancy

• As to JGBs, speculative flows eyed into next BOJ policy announcement Jan 24

• On other side of ledger, Japanese sold net Y919.2 bln foreign bonds

• Pre-calendar year-end position adjustments, view US yields to remain high

• Japanese also bought net Y181.5 bln foreign stocks, Y67.6 bln bills in week

• See nAZN2XFL83, previous comment nL1N3NK02M, for more click on FXBUZ

(Haruya Ida is a Reuters market analyst. The views expressed are his own)