Foreign investors increased their purchases of Japanese stocks last week as easing concerns over the Bank of Japan’s (BOJ) potential policy shift buoyed market sentiment.
According to data from Japanese exchanges, foreigners accumulated a net 817.43 billion yen ($5.44 billion) of local stocks in the week to Feb. 9, marking their most substantial weekly net purchase since Jan. 12.
They purchased 451.06 billion yen of derivative contracts after two successive weeks of net selling, in addition to securing about 366.37 billion yen of cash equities.
Fidelity Japan Trust PLC (LON:FJV) aims to be the key investment of choice for those seeking Japanese companies exposure. The Trust has a ‘growth at reasonable price’ (GARP) investment style and approach – which involves identifying companies whose growth prospects are being under-appreciated or are not fully recognised by other investors.