---
title: "Goldman Sachs: American investors are flocking to the Japanese stock market, chasing the Nikkei index"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265036322.md"
description: "Goldman Sachs pointed out that American investors are pouring into the Japanese stock market in large numbers, especially in technology and artificial intelligence (AI) related stocks, due to their excess returns compared to the U.S. stock market. Bruce Kirk, Chief Japan Equity Strategist at Goldman Sachs, stated that the speed of this capital inflow is the fastest since \"Abenomics,\" and the participation of American investors has reached its highest level since October 2022"
datetime: "2025-11-09T21:15:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265036322.md)
  - [en](https://longbridge.com/en/news/265036322.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265036322.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/265036322.md) | [繁體中文](https://longbridge.com/zh-HK/news/265036322.md)


# Goldman Sachs: American investors are flocking to the Japanese stock market, chasing the Nikkei index

Goldman Sachs stated that American investors are increasingly buying Japanese stocks focused on technology and artificial intelligence (AI), attracted by the excess returns of the Japanese stock market compared to the U.S. stock market.

Bruce Kirk, Chief Japanese Equity Strategist at Goldman Sachs, said, "The speed of capital inflow from the U.S. is the fastest we have seen since 'Abenomics'." The active participation of American investors in Japanese stocks has reached its highest level since October 2022, and he frequently receives meeting requests.

The rise in U.S. fund participation may signal a turning point for the Japanese stock market, indicating that market drivers may shift from value stocks to growth stocks. Driven by the Tokyo Stock Exchange and government initiatives promoting investor-friendly policies, value stocks have outperformed growth stocks for four consecutive years since 2021.

The inflow of U.S. capital reflects the strong performance of the Japanese stock market in dollar terms this year. So far this year, the benchmark Nikkei 225 index has risen about 30% in dollar terms, far exceeding the 14% increase of the S&P 500 index during the same period

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