JAPANESE STOCKS SEE BIGGEST WEEKLY FOREIGN INFLOW IN FOUR WEEKS

Foreign investors increased their purchases of Japanese stocks last week as easing concerns over the Bank of Japan's (BOJ) potential policy shift buoyed market sentiment. According to data from Japanese exchanges, foreigners accumulated a net 817.43 billion yen ($5.44 billion) of local stocks in the week to Feb. 9, marking their most substantial weekly net purchase since Jan. 12.

Last week, BOJ Deputy Governor Shinichi Uchida's comments provided a boost to investor sentiment. Uchida indicated that while the Bank of Japan (BOJ) is likely to end its purchase of risky assets, it will proceed cautiously with raising interest rates when scaling back monetary support.The Nikkei surged by 2.05% for the week, marking its largest gain since January 12. By Friday's close, it reached 38,487.24 points, positioning itself to potentially challenge the all-time high of 38,957.44 points reached in December 1989. Additionally, data from Japan's Ministry of Finance revealed that non-native investors continued to be net buyers of Japanese bonds for the second consecutive week. They purchased 893.2 billion yen worth of short-term and 175.9 billion yen worth of long-term debt securities.

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