the Eurozone economies, the US, and developing Asia showing relatively weak home bias and advanced Asia, especially Japan … capital has been flowing from the US and the Eurozone economies to both advanced Asia (especially Japan) and developing Asia … reasons. The main reason in the case of advanced Asia (especially Japan) appears to be higher riskadjusted returns, whereas …

securities, with emphasis on Japan and developing Asia. We find that foreign residents generally increased their holdings of …

countries are proposed, namely the US, Japan, and China and hence, to an extent the analysis does indicate the relative … relatively prepared for integration whilst others are not. In some ways, results do also signify the dominance of Japan despite …