Japanese stocks drew approximately ¥1.34 trillion (US$8.89 billion) of net inflows during the week, extending a recent run of inflows into a fourth straight week, data from Japan’s Ministry of Finance showed.

The Nikkei 225 index surged to a record 51,620.79 on Thursday amid bets that Japan would flip into an inflationary economy under Takaichi’s government.

The Nikkei has gained about 14.8% so far this month, the most since November 2020.

Japanese stocks have seen nearly ¥6.63 trillion of foreign inflows so far this year, with about ¥6.46 trillion coming in just over the past four weeks. Foreigners had invested roughly ¥3.55 trillion in local stocks in the same period last year.

Japanese long-term bonds, on the other hand, logged a second week of outflows last week, to the tune of ¥253.5 billion.

Foreigners also divested ¥2.03 trillion worth of short-term bills as they ended a three-week trend of net purchases.

Japanese investors, meanwhile, ditched ¥62.1 billion worth of foreign stocks, booking weekly net sales for the fifth time in six weeks.

They also pulled ¥351.4 billion from foreign long-term bonds but added a net ¥119.2 billion worth of short-term bills.