"We have found a number of companies that are improving operational leverage with a positive impact on earnings growth, alongside increasing shareholder returns via raising dividends and share buybacks, even without the support of the macroeconomic backdrop.” Meanwhile, foreigners purchased 9.1 billion yen of long-term Japanese bonds in a third-straight week of net buying but sold 350.2 billion yen of short-term bonds. Japanese investors were net buyers of 500.2 billion yen of long-term and 18.5 billion yen of short-term overseas bonds. They, however, sold 65.3 billion yen of foreign equities after two weeks of net buying in a row. ($1 = 134.5700 yen) <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Foreign flows into Japanese stocks & futures 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 Kim Coghill)
April 20 (Reuters) - Foreigners were big buyers of
Japanese shares in the week ended April 14, bolstered by dovish
comments from the country's new central bank governor and upbeat
results of domestic retailers.
Global sentiment also remained positive and supported risk
appetite as a cooler-than-expected U.S. inflation reading
reinforced expectations that the U.S. Federal Reserve may soon
pause raising interest rates.
Foreign investors purchased a net 1.59 trillion yen ($11.82
billion) of Japanese equities last week, their biggest weekly
net purchases since at least January 2018, data from Japanese
exchanges showed.
Foreigners bought 1.05 trillion yen of cash equities and
540.77 billion yen of derivatives.
Retailers Aeon Co Ltd and Uniqlo-owner Fast
Retailing , both reported strong earnings last week,
signalling a recovery in the retail sector.
The Nikkei share average jumped 3.5% last week, its
biggest weekly gain since November 2022, while the broader Topix
index added 2.7%.
"Japan has been one of our favourite markets,"said Fabiana
Fedeli, chief investment officer, Equities at M&G Investments.
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