Abstract

Japanese investors, as reported by the Japanese Security Dealers Association. These transactions include sizable amounts of securities bought in Luxembourg that are not relevant to this exercise because Luxembourg plainly is a trading location rather than the residence of the security issuers. Although other countries in the listing also may serve partly as trading locations, the lack of further information means that they are treated as actual security issuers. On that basis, Part H distributes net Japanese purchases geographically, according to each country’s percentage share in the group total, omitting Luxembourg.