They exited 1.3 trillion yen worth of short-term Japanese bonds but poured 12.4 billion yen into long-term debt securities. Meanwhile, Japanese investors withdrew 707.3 billion yen worth of overseas bonds. They also pulled 101.3 billion out of foreign equities, booking their first weekly net selling in nine weeks. ($1 = 128.6000 yen) <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Foreign flows into Japanese stocks Foreign flows into Japanese debt securities Japanese investments in overseas debt securities Japanese investments in stocks abroad ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Rashmi Aich)
Feb 2 (Reuters) - Foreign investors purchased heavily in
Japanese stocks last week as domestic shares climbed, tracking a
rally in U.S. stocks on expectations that the Federal Reserve
would slow rate hikes to avert a recession.
The Bank of Japan's decision to maintain ultra-low interest
rates and the yen's decline also propped up local shares during
the week ended Jan. 27.
Overseas investors purchased Japanese equities worth a net
1.32 trillion yen ($10.26 billion), marking their biggest weekly
net buying since September 2018, data from exchanges showed.
They drew 1.02 trillion yen worth of derivatives and 303.8
billion worth of cash equities.
The Nikkei share average and the Topix index , both gained about 3% last week, the most since Nov. 11.
However, foreign investors disposed of a net 1.29 trillion
yen worth of Japanese bonds in a third straight week of net
selling last week.
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