Non-resident investors were net buyers of Japanese stocks in August, with net purchases reaching a record JPY1.96 trillion, equivalent to US$ 19.6 billion. Or so says the latest data from the Tokyo Stock Exchange.
According to the exchange’s August trading report, net purchases by non-resident investors were up 76% over the preceding month. The amount of total net purchasing by nonresidents as of the end of August this year marked approximately JPY5.7 trillion, equivalent to US$ 57 billion.
The exchange cites structural reforms, including postal service privatization, as well as the improved economic outlook, as the main factors behind the surge of investment.
Individual investors, however, were net sellers. They sold a net JPY1.34 trillion, equivalent to USD 13.4 billion.