Japan fund foreign asset holdings fall in June

TOKYO, July 11 (Reuters) - Japanese investment trust
holdings of foreign assets fell in June, falling from this
year's peak hit the previous month as the world stock markets
faltered on worries about the global economy and more losses at
financial firms.

Overall holdings of foreign stocks, bonds and money market
instruments slipped 718.6 billion yen ($6.72 billion) to 33.826
trillion yen ($316.2 billion) by the end of June, data from the
Japan Investment Trust Association showed on Friday.

The drop came a month after they hit their highest level
this year at 34.544 trillion yen, as Wall Street shares tumbled
in June with the Dow .DJI and S&P 500 .SPX posting their
worst one-month drops since September 2002, dragging Tokyo's
Nikei average .N225 towards two-and-a-half-year lows hit in
March.

Overseas share holdings fell 825.3 billion yen in June from
the previous month to 7.889 trillion yen. Foreign stock holdings
as a proportion of overall investments fell to 23.3 percent, the
lowest since March 2007, from 25.2 percent in May.

But investments in foreign bonds rose 346.2 billion yen to
20.490 trillion yen in June, with their proportion in overall
foreign investments rising to 60.6 percent from 58.3 percent.

JAPAN FUND HOLDINGS OF FOREIGN ASSETS
(in billion yen)

change change

June from May year-to-date

--------------------------------------------
Stocks 7,889.7 -825.3 -2,398.5 (-23.3%)
Bonds 20,490.1 +346.2 +282.5 (+1.4%)
Money mkt 5,445.6 -239.6 -943.1 (-14.8%)
Total 33,825.5 -718.6 -3,059.1 (-8.3%)
($1=106.96 Yen)
(Reporting by Satomi Noguchi)