Foreign investors snap up Japanese stocks for bargains

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Experiencing the 2024 total solar eclipse in New Brunswick | SaltWire #solareclipse #eastcoast - Foreign investors snapped up Japanese stocks in the week ended April 5, as they sought value opportunities following a substantial drop in late-March amid profit booking by domestic institutions.

Last week, the Nikkei shed 3.4%, its sharpest weekly fall since Dec. 2022 amid profit booking and market caution about potential intervention by Japanese authorities in the currency market. Foreigners sold 349 billion yen of long-term Japanese bonds, logging a second weekly net selling in three, data from the Ministry of Finance showed.

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