Foreigners bought $7.21 bln of Japanese futures on weekly basis

viernes 7 de noviembre de 2014 03:58 GYT

TOKYO, Nov 7 (Reuters) - Foreign investors bought a likely
record amount of Japanese futures last week, Nomura Securities
said on Friday, as buyers took heart from strong corporate
earnings and upbeat industrial data.
    Foreigners, who were net sellers in Japanese futures for the
past five weeks, bought a total of 831.7 billion yen ($7.21
billion) worth of Japanese futures during Oct. 27-31, according
to data provided by the Osaka Exchange.
    The data includes the Nikkei futures, the Nikkei mini
futures, the Topix futures and Topix mini futures.
    "Our data only dates back to 2004, and it's the biggest in
ten years for sure, and the fact that the Nikkei mini futures
accounts for a large portion of the figure, it is highly likely
that it's a record high," said Jun Yunoki, a strategist at
Nomura Securities.
    The Nikkei 225 mini futures, which started trading in 2006,
accounted for 20 percent of the buying.
    The Osaka bourse, which compiles the raw data, said it could
not confirm that it was the record amount.
    According to Nomura, a total of 305 companies of Topix 500
companies reported an average of 16.8 percent rise on the year
in their pretax profits for the July-September quarter.
    Last week, Japan's industrial output rose at the fastest
pace in eight months in September. 
    Foreign investors' net buying in both Japanese cash stocks
and futures totalled 1.368 trillion yen last week, the largest
amount since the second week of November in 2013.

 ($1 = 115.2900 Japanese yen)

 (Reporting by Ayai Tomisawa; Editing by Gopakumar Warrier)