TOKYO -- As prospects for the status quo in Japanese politics brightened, overseas investors bought more of the country's stocks, lifting their net purchases over four weeks through Oct. 20 to 1.76 trillion yen ($15.4 billion).
A report released Thursday by the Tokyo Stock Exchange shows that foreign players purchased more than 445 billion yen worth of cash stocks on the first, second and startup sections of the Tokyo and Nagoya bourses in the final week of that period. This heavy buying fueled solid gains in Japanese equities over the days leading up to the Oct. 22 Diet lower house election.
