Japan Bull Market Not Over! Goldman: U.S. Capital Inflow Fastest Since "Abenomics" Era  

Thanks to stronger yen and investor optimism on Japanese PM Sanae Takaichi's stimulative economic stance, Nikkei 225 up about 30% YTD—far outperforming S&P 500's 14%. Goldman sees foreign inflows further lifting Japan stocks, despite possible short-term consolidation.  

Goldman latest notes U.S. investors ramping Japan stock bets to chase superior returns. Tech and AI sector inflows especially strong.  

Goldman chief Japan equity strategist Bruce Kirk said current U.S. capital inflow to Japan market fastest since "Abenomics" era.  

He also said U.S. investor participation in Japan stocks at highest since October 2022.  

Goldman strategists say after years foreign investors favoring value stocks, shift to growth and tech stocks, rising U.S. participation may mark turning point.  

He notes vs "Abenomics" peak, global investors' Japan stock holdings still low—room for more buying.  

Japan Exchange Group data: Last two weeks October, foreign investors net bought ¥384 billion ($2.5 billion) Japan stock spot and futures.  

Monday morning, Japan stocks up, as of publication 50,577 points, gain 0.6%. Since April yearly low, Nikkei 225 climbed past months, repeatedly hitting historical highs. But this month, with growing "AI bubble" worries, Nikkei pulled back from highs.