Sept 16 (Reuters) - Japanese shares received massive foreign
inflows in the week ended Sept. 10 as hopes of a stronger
government and expectations of fresh economic stimulus boosted
Foreign investors bought Japanese equities worth a net 1.07
trillion yen ($9.79 billion), which was their largest weekly net
purchase since Nov. 13, data from Japanese exchanges showed.
Investors purchased 756 billion yen worth of derivatives and
301 billion yen in cash equity markets.
Cross-border investors purchased Japanese bonds of net 644.9
billion yen, their third straight week of net buying, finance
ministry data showed.
The rally in Japanese shares gathered pace since Sept. 3
when Prime Minister Yoshihide Suga announced his plans to step
down, strengthening the position of the ruling coalition for an
upcoming election and bolstered hopes of a new stimulus
Last week, Japanese shares closed higher for a third
straight week. The Nikkei share average surged 4.3% and
the Topix index added 3.8%.
Shares hit a three-decade peak this week, but retreated
since the mid of the week as investors locked in profits.
Japanese investors sold a net 139 billion yen in overseas
equities, that marked their third straight week of net selling,
but bought a net 1.72 trillion yen in foreign bonds last week,
finance ministry data showed.
($1 = 109.3200 yen)
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy;
Editing by Sherry Jacob-Phillips)