Foreigners sold Japanese stocks worth a net 1,050.4 billion yen in the week ending Mar. 12, accelerating from a net selling worth 910 billion yen in the preceding week, according to Ministry of Finance data. Foreigners remained net sellers of Japanese equities for a seventh straight week as ceasefire talks between Russia and Ukraine last week showed little progress, while a surge in US inflation added to concerns about a more aggressive monetary tightening. The Nikkei fell 3.17% last week to close at its lowest level since November 2020, while the broader Topix Index lost 2.46%. Both benchmark stock indexes have recovered those losses this week following a post-Fed announcement relief rally in stocks, as well as on hopes for a breakthrough in ceasefire talks between Russia and Ukraine.