Japan's October bull market fueled by record net buying by foreigners

Corporate reform needed to keep the rally going after AI stocks lose steam

20251107N TSE building

Tokyo Stock Exchange data shows that 20% of the net buying of Japanese stocks from April to September came from North America. (Japan Exchange Group)

YOSHINARU SAKABE and CHIHIRO ISHIKAWA

TOKYO -- Foreign investors snatched up Japanese stocks in record numbers for a single month in October, pushing the Nikkei Stock Average past 50,000, with artificial intelligence-related stocks driving the rally. 

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