Foreign investors scooped up a record ¥2.48 trillion ($16.3 billion) of Japanese stocks last week even as expectations of a victory by pro-stimulus Sanae Takaichi dwindled in the run-up to the ruling party’s election, the finance ministry’s preliminary data showed.
The inflow came after three weeks of heavy selling, a pattern seen in recent years where they sell cash equities in March and September, and buy them back in April and October — a seasonality viewed as being prompted by investors’ moves to optimize dividend tax.
Foreign Inflow to Japan Stocks Hits Record Just Before LDP Vote
