Global Market: Japanese investors ramp up overseas stock buying as Fed rate expectations ease

Japanese investors purchased a net 824.5 billion yen ($5.08 billion) of overseas stocks, the strongest weekly inflow since April 4, as easing Fed rate expectations improved risk appetite. The buying was supported by falling oil prices, though Brent crude rebounded more than 5% to $78.02 per barrel on renewed Middle East tensions. Separately, Japanese investors continued selling foreign bonds, while foreign selling of Japanese equities slowed sharply to 22.2 billion yen from 1.82 trillion yen the prior week.