Japan stock rally hits record pace as foreign buying tops $42bn

Futures hint at cooling sentiment after 12-week streak of inflows

20230622N Nikkei average

The Nikkei Stock Average has logged 10 straight weeks of weekly gains, driven mainly by international investors. (Photo by Yutaka Miyaguchi)

YOSHIKAZU IMAHORI, Nikkei staff writers

TOKYO -- International investors have bought Japanese stocks at a record-setting pace, Tokyo Stock Exchange data released Thursday shows, but futures trading suggests they may be ready to take a breather.

Global investors bought a net 641.4 billion yen ($4.49 billion) in Japanese equities during the week ended June 16, for a 12th straight week of net inflows.

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