Core Viewpoint - The article highlights a significant increase in overseas investment in Japanese stocks and bonds, driven by factors such as the "Buffett effect" and a shift towards Japanese assets amid global economic uncertainties [1][3]. Group 1: Overseas Investment in Japan - In April, overseas investors net purchased over 8 trillion yen (approximately 57 billion USD) in Japanese stocks and bonds, marking the highest level since 2005 and more than three times the average for April over the past 20 years [3]. - The net purchase of medium- and long-term bonds reached 4.5371 trillion yen (315 million USD), the highest since July 2022 and the second highest historically [3]. - The net purchase of stocks and investment funds was 3.6759 trillion yen (255 million USD), a new high since April 2023 and the third highest historically [3]. Group 2: Factors Driving Investment - Factors such as monetary policy, profit expectations, corporate governance, and the influence of Warren Buffett have been key to the continuous inflow of funds into Japan [4]. - Buffett's investment in five major Japanese trading companies has significantly boosted external confidence, with his total investment cost reaching 13.8 billion USD and the market value soaring to 23.5 billion USD, reflecting a nearly 70% unrealized gain [5]. Group 3: Market Dynamics and Sentiment - The influx of funds into Japan is partly attributed to the aftermath of U.S. tariff policies under former President Trump, which have led to increased volatility in global markets and diminished confidence in U.S. assets [5][6]. - The trend of "de-dollarization" is evident as central banks diversify their reserves, with Japan being a preferred destination due to its liquidity and stability [6].
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第一财经·2025-05-15 01:09