Global Stock Rout Fuels Record Japan Buying of Foreign Shares

The rate of the yen against the US dollar and the Nikkei 225 Stock Average displayed outside a securities firm in Tokyo on April 10.Photographer: Kosuke Okahara/Bloomberg
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Japanese investors scooped up a record amount of foreign equities last week as they sought to capitalize on a slide in stocks and a stronger yen.

Net purchases climbed to ¥1.8 trillion ($12.3 billion) in the week ended April 4, the highest-ever amount, according to preliminary data from the Ministry of Finance going back to 2005. The buying took place during a week when an MSCI Inc. gauge of global stocks slid 8% and the yen rallied 2%.