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Economy

BOJ replaces foreign traders as biggest buyer of Japanese shares

Cumulative purchases higher for first time since start of Abenomics

The Bank of Japan building in Tokyo.

TOKYO -- The Bank of Japan has continued to increase its presence in the Japanese stock market, replacing foreign investors as the biggest buyer in terms of accumulated purchases for the first time since the so-called Abenomics market started in November 2012.

According to data for the first week of September (Sept. 4-8) released by the Tokyo Stock Exchange on Thursday, foreign investors sold more Japanese shares than they bought by a total of 294.8 billion yen ($2.67 billion) on the first and second sections of the TSE and the Nagoya Stock Exchange, as well as the startup markets.

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