-- The turmoil triggered by the Bank of Japan’s recent interest rate hike has produced two more entries for the record book: All time highs for both inflows and outflows in the nation’s stocks last week.Global investors were net buyers of Japanese stocks in the week ending Aug. 9 as trading recovered from an historic rout. Gross sales totaled ¥31.3 trillion , the most since at least 2005, preliminary data from the Ministry of Finance showed. Gross purchases were ¥31.
The data underscores overseas investors’ strong appetite for Japanese equities even after the unwinding of yen-funded carry trades sent shock waves through broader markets. Bruce Kirk, chief Japan equity strategist at Goldman Sachs Group Inc., said foreign investors are looking to buy Japanese stocks.
Brancepeth, Wear valley, County Durham: Seed pods are spilling their contents in hope of a breath of wind, while tiny insects rise on the thermalsChina will support a democratic transition in Myanmar and backs a regional plan to find a way out of the ongoing crisis in the Southeast Asian country, Foreign Minister Wang Yi said on Friday during a visit to Thailand.
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