Foreigners net buyers of Japanese stocks as bets of Fed rate cut ease tech valuation worries

Foreign investors bought 655.6 billion yen of Japanese stocks, reversing previous net sales, driven by expectations of Fed rate cuts and BOJ rate hikes. Tech stocks like Advantest and Tokyo Electron rose, while banking stocks surged. Japanese stocks attracted 7.22 trillion yen in foreign inflows this quarter. Foreigners also bought 1.06 trillion yen in Japanese bonds, despite rising yields. Japanese investors made smaller foreign stock purchases and sold foreign bonds.