[Bank of America: Money market and bond funds absorbed most of the capital inflows this week] September 4th, Bank of America stated that all major asset classes experienced capital inflows this week, with money market funds and bond funds absorbing the vast majority of funds. Bank of America cited EPFR global data showing that in the week ended September 2, money market funds had inflows of US$30 billion, bonds had inflows of US$18.3 billion, gold had inflows of US$3.2 billion, stocks had inflows of US$16.1 billion, and cryptocurrencies had inflows of US$500 million. Highlights of capital flows this week: Cryptocurrency inflows totaled US$5.5 billion in the past five weeks, the highest since October last year; stock capital inflows were the lowest in the past nine weeks; technology sector outflows were US$1.5 billion, the largest since June; financial sector outflows were US$900 million for the fifth consecutive week. Strategists led by Michael Hartnett said the sharp appreciation of the yen indicated that "policy panic" was emerging. The "whatever it takes" policy to maintain nominal macroeconomic prosperity and a bull market in asset prices means that we should continue to be bullish on commodities and assets such as gold that hedge against currency depreciation.