© Reuters. FILE PHOTO: A man walks past electric monitors displaying Japan’s Nikkei share average and the exchange rate between the Japanese yen against the U.S. dollar outside a brokerage in Tokyo, Japan January 18, 2023. REUTERS/Issei Kato/File Photo
By Patturaja Murugaboopathy and Brigid Riley
(Reuters) – Japanese stocks have started the year strongly and analysts say it could be a signal of further gains and expect the inflows that pushed the to three-decade highs will keep coming.
Japanese equities received a net 1.16 trillion yen ($7.8 billion) from abroad last month, adding to inflow of 6.3 trillion yen last year, the highest since at least 2014, according to exchange data.
The Nikkei rose 8.4% for the month, and the broader 7.8% – both hitting 34-year highs and outperforming global stocks’ which added 0.5%.
Morgan Stanley says there is a “somewhat positive” correlation between January and full-year gains. Seven of…
