Japanese retail investors made large stock purchases last week, with net buying reaching a nearly two-year high.

Glonghui, February 5th｜According to data from the Japan Exchange Group, Japanese retail investors made a net purchase of 834.9 billion yen (approximately $5.3 billion) in Japanese spot stocks last week, marking the highest level since April 2024. Despite the yen strengthening and stock prices falling last week, contrarian trading and dip-buying remained active, with net purchases increasing for the second consecutive week. Other factors supporting retail buying include solid corporate earnings performance and expectations for further stock market gains after the February 8th election. In addition, Daiwa Securities Chief Strategist Yugo Tsuboi stated that the new round of investment quota for the tax-free investment account "NISA" at the beginning of the year has also provided support to the market.