Foreign investors bought ¥621.2 billion of Japanese stocks in the week ending August 14, reversing a ¥368.5 billion outflow the previous week, while Japan’s Ministry of Finance recorded ¥1.25 trillion in foreign sales of Japanese government bonds. Separately, Japanese investors net bought more than ¥5 trillion of foreign equities and long-term bonds in the two weeks ended August 15, reversing net sales of more than ¥300 billion in the preceding two weeks. The overseas buying followed a joint U.S.-Japan currency intervention that strengthened the yen from around 164 per dollar to roughly 155 before it weakened toward 159. Analysts linked the flows to exporter earnings, yen movements, cautious Bank of Japan policy and continued yield differentials, with the U.S.-Japan 10-year spread at roughly 1.8 percentage point. The intervention encouraged some carry-trade rebuilding because Japanese borrowing costs remained below overseas returns, while speculative net short yen positions fell from almost 138,000 contracts at the end of June to 59,526 as of August 11. The equity, bond and overseas-asset figures come from different Ministry of Finance and Japan Exchange Group reporting frameworks and periods, so they indicate shifting cross-border preferences rather than one directly comparable transaction total.