Japan investors expected to help Nikkei outdo peers, say traders

Tokyo

BUYING from domestic investors, including the Bank of Japan (BOJ), should help Japanese stocks outperform global peers by offsetting any retreat by foreigners who could become unnerved by risks elsewhere, traders said.

After hitting an 181/2-year high of 20,952.71 last month, the benchmark Nikkei share average fell to a near three-month low of 19,115.20 last week as worries abounded over risks spreading from China's month-long crash and fallout from the Greek debt crisis. The selling was dominated by short-term foreign investors such as hedge funds and commodity trading advisers.