According to data from Japan’s finance ministry disclosed today foreigners pumped a net ¥489.3 billion (US$3.32 billion) into local stocks, constituting their 18th weekly net purchase in 19 weeks.

Along with the last week’s foreign investments, Japanese stocks have so far attracted a hefty ¥3.05 trillion in foreign inflows this quarter, adding to a robust ¥7.19 trillion cross-border net investments in the last quarter.

Japan’s benchmark indexes – the Nikkei and the broader Topix – both added nearly 2.5% last week and scaled fresh record highs earlier this week as some domestic companies, including SoftBank Group and Sony Group, posted solid first-quarter results.

Foreigners also bought a net ¥733.2 billion worth of long-term Japanese bonds, ending a three week-long selling trend.

Short-term bills, meanwhile, saw second successive weekly foreign inflows to the tune of ¥355.4 billion.

In parallel, Japanese investors sold ¥255.5 billion worth of foreign stocks, extending their selling streak to a second week.

They, however, bought long-term foreign bonds of ¥254.9 billion and foreign short-term bills of ¥109.3 billion.