“A wide range of issues attracted purchases, apparently by foreign investors,” an official of a bank-affiliated securities firm told Jiji Press.
The official speculated that foreign players may be increasing bets on Japanese stocks because they think Japanese products’ export competitiveness may rise due to the heated U.S.-China trade talks.
Furthermore, the Japanese financial sector strengthened, with WisdomTree Japan Hedged Financials Fund (NYSEArca: DXJF) up 3.2% Tuesday, after insurers attracted interest on hopes for higher long-term interest rates. Prime Minister Shinzo Abe has signaled willingness to pave the way for an exit from the Bank of Japan’s massive monetary easing within three years.
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