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July 26 (Reuters) – Foreigners bought Japanese equities for the additional after week, with automakers and technology firms accepting a addition from a weaker yen as the dollar assets amidst barter war frictions.

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A softer yen enhances consign competitiveness for the brand of Toyota Motor Co and Canon Inc and is usually advised a benefaction for Japan Inc.

In the anniversary concluded July 20, across investors bought a net 633.78 billion yen ($5.73 billion) of Japanese stocks, including banknote equities and futures, abstracts aggregate from Japanese banal exchanges showed.

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Last week’s inflows were the better back the additional anniversary of April this year, admitting they were apprenticed mostly by 601.82 billion yen ($5.44 billion) affairs in futures, suggesting concise players’ short-covering was the capital driver.

The Topix basis rose 0.9 percent in the aftermost week, while the Nikkei basis acquired about 0.5 percent.

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On Thursday, best Japanese shares acquired on upbeat balance and hopes for bargain all-around barter frictions, admitting the Nikkei boilerplate was biconcave by affairs the Bank of Japan will cut its affairs in the barter traded funds (ETFs) affiliated to the index.

Thomson Reuters abstracts showed 49 percent of Japanese companies accept baffled their balance estimates in the aboriginal division so far.

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($1 = 110.67 yen)

Reporting by Gaurav Dogra and Patturaja Murugaboopathy Editing by Jacqueline Wong

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