Foreigners Buy Japan Equity for Sixth-Straight Week Amid Rally
- Overseas traders bought $5.7 billion stocks, futures last week
- Investors expect Japan interest rates to stay low: SMBC Nikko
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Foreign investors were net buyers of Japanese equity for a sixth-straight week, helping to fuel one of the world’s best rallies of 2023.
Overseas traders bought a net ¥781 billion ($5.7 billion) worth of stocks and futures in the week ended May 12, according to exchange data. Helped by the inflow of funds from abroad, Japan’s Topix has climbed to its highest level in nearly 33 years, outperforming all Asian peers as well as US and European equity benchmarks.