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North Americans Bought Most Japan Stocks Since 2005 After Quake

North American investors last month bought the most Japanese stocks in more than five years, lured by a buying opportunity following an earthquake and tsunami that devastated the country’s northeast coast, triggered a nuclear accident and sent stocks tumbling.

North American investors bought 928.6 billion yen ($11.2 billion) of Japanese shares in March, the most since Sept. 2005, according to data from the Tokyo Stock Exchange. The Nikkei 225 Stock Average tumbled 16 percent in the two days after a 9-magnitude earthquake and tsunami struck on March 11, leaving almost 28,000 people dead or missing, and causing explosions and radiation leaks at the Fukushima Dai-Ichi power station.