FastSaying
Foreigners have, thus far, made a lot of money by investing in Japanese stocks which were relatively cheap.
Hideo Mizutani
Foreigners
Money
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Market participants are relieved as they now see the trend of foreigners exiting the Japanese market is over.
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It seems that foreign selling, partly spurred by relatively expensive Japanese shares, has peaked out.
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Because of the uncertainties over exchange rates, investors were hesitant to chase export-oriented shares, and instead, went for domestic-demand-oriented shares.
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Basically, investors can't really take aggressive positions this week, as they are waiting for the Bank of Japan's meeting, even if they expect the end to the ultra-loose policy to come on Thursday.
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