Foreigners pulled out of Japanese stocks for a sixth successive week through Sept. 21, due to lingering concerns over a stronger yen and increased caution ahead of the Bank of Japan's monetary policy decision.Overseas investors withdrew a massive 1.93 trillion yen ($13.
FILE PHOTO: A man takes a photo next to an electronic stock quotation board inside a building in Tokyo, Japan August 2, 2024. REUTERS/Issei Kato/File photoForeigners pulled out of Japanese stocks for a sixth successive week through Sept. 21, due to lingering concerns over a stronger yen and increased caution ahead of the Bank of Japan's monetary policy decision.
With these notable outflows in the past weeks, foreigners have turned net sellers of about 1.11 trillion yen worth of Japanese stocks so far this year, even as they made net purchases of about 6 trillion yen in the first half of this year. The Nikkei share average hit a 2-month high of 39,297.59 on Friday, led by a surge in semiconductor-related shares and a rally in global stocks.
At the same time, Japanese investors bought long-term foreign bonds for seven out of eight weeks of about 774 billion yen, while also acquiring a net 53.8 billion yen worth of short-term debt instruments.
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