Led primarily by Japanese and European equities, strong performance of stock markets across the globe increased investors’ ri sk appetite during the quarter. In Japan, the return of Shinzo Abe in the Prime Minister chair was welcomed by global and domestic investors, leading to net capital inflows of 2.2%. Meanwhile, Latin America recorded net inflows of 2.0%, helped by investments from Europe, North America, and Middle Eas t/Africa. Notably, European equities received little attention from global investors, logging a net inflow of only 0.8%, despite a rebound in major local stock indices.