Foreign Net Buyers Of Japan Stocks In 2009

Overseas investors were net buyers of Japanese stocks to the tune of 28.3 billion yen in 2009, becoming net buyers for the first time in two years, according to Nikkei. Although the financial crisis prompted foreign institutional investors to cash out profits early last year, buying outweighed selling from April, the start of the Japanese fiscal year. December saw the largest amount of net purchases, fueled by a pause in the yen's appreciation against the dollar and the Bank of Japan's accommodative monetary policy.