<figure id="attachment_2946214" aria-describedby="caption-attachment-2946214" style="width: 1600px" class="wp-caption aligncenter"><img loading="lazy" class="wp-image-2946214 size-full" src="https://media.freemalaysiatoday.com/wp-content/uploads/2024/12/23c695c7-nikkei-asia-stock-bloomberg-21012019_1600x1000_1.webp" alt="" width="1600" height="1000" /><figcaption id="caption-attachment-2946214" class="wp-caption-text">Japan&#8217;s benchmark indexes &#8211; the Nikkei and the broader Topix &#8211; both added nearly 2.5% last week and scaled record highs this week. (Bloomberg pic)</figcaption></figure>
TOKYO: Japanese stocks saw strong foreign appetite for a seventh straight week through Aug 9, driven by a batch of robust earnings that fueled the rally in domestic stocks to fresh record highs.
According to data from Japan&#8217;s finance ministry disclosed today foreigners pumped a net ¥489.3 billion (US$3.32 billion) into local stocks, constituting their 18th weekly net purchase in 19 weeks.
Along with the last week&#8217;s foreign investments, Japanese stocks have so far attracted a hefty ¥3.05 trillion in foreign inflows this quarter, adding to a robust ¥7.19 trillion cross-border net investments in the last quarter.
Japan&#8217;s benchmark indexes &#8211; the Nikkei and the broader Topix &#8211; both added nearly 2.5% last week and scaled fresh record highs earlier this week as some domestic companies, including SoftBank Group and Sony Group, posted solid first-quarter results.
Foreigners also bought a net ¥733.2 billion worth of long-term Japanese bonds, ending a three week-long selling trend.
Short-term bills, meanwhile, saw second successive weekly foreign inflows to the tune of ¥355.4 billion.
In parallel, Japanese investors sold ¥255.5 billion worth of foreign stocks, extending their selling streak to a second week.
They, however, bought long-term foreign bonds of ¥254.9 billion and foreign short-term bills of ¥109.3 billion.

MatchPoint Times

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