In July 2005, foreign investors’ net purchases of Japanese stocks totaled JPY1,373.3 billion, making it a seventh consecutive month of net buying since January 2005.
It is the second time in 2005 the inward investment net balance has exceeded JPY1,000 billion since February 2005.
The data was published yesterday by the Ministry of Finance in Tokyo, based on reports from appointed institutions.
The volume of buy transactions was JPY10,254.8 billion and that of sell transactions was JPY8,881.4 billion, leading to a net purchase balance of JPY1,373.3 billion.
Studying the detailed trend of transactions in July 2005, the net buying amount during the first 10 days was JPY475.8 billion, JPY531.6 billion during the next 10 days of the month and JPY366.0 billion for the remainder of the month. Overall, there were more purchases than sales through out the month.
“It seems that foreign investors continue to purchase Japanese stocks as business conditions continue to improve,” says a spokesman for Mizuho Corporate Bank in Tokyo.