Japanese investors refuse to embark on global yield hunt, and it's killing Abenomics

``... supposed Japanese buyers of U.S. equities and myriad other instruments have been talked and written about to excess, but have yet to materialize.  They were supposed to arrive after the Bank of Japan in April moved to aggressively step up its stimulus efforts. The shocking efforts aimed at boosting assets and stoking inflation would leave Japan's return-starved investors little choice but to set out on a "scavenger hunt for yield," or so the argument went... Data released by Japan's Ministry of Finance earlier Thursday showed that Japanese investors were net sellers of foreign securities for a fourth consecutive week.'' -- Maybe its because, duh, they're all retiring now and need their money, and can't speculate with it...