The foreign investor-buying spree of Japanese equity remains solid with net purchases of Japanese stocks extending beyond the one-year mark in positive territory thru January 2006 on expectations that the Japanese economy will continue to recover, says Japan-based Mizuho Corporate Bank.
In January 2006, foreign investors picked up a net 1.313 trillion Japanese Yen of domestic shares, which is the seventh consecutive month net purchases have exceeded 1 trillion Japanese Yen and is believed to be a factor behind the Nikkei 225 Stock Average reaching levels not seen since September 2000.
The three months of 2005 in which equity shares topped 2 million Japanese Yen were May, June and August. January and March were the lowest performing months of the year, falling under the one million Japanese Yen mark.