Japan stock exodus nears US$70bil as China favoured


China is attracting even more money from Japan as its market developed and became more liquid, said Takeo Kamai, head of execution services at CLSA Securities Japan Co.

TOKYO: Foreign investors have sold a net US$69.9bil of Japanese equities since the start of 2018. The early days of Abenomics, when they were huge net buyers, are a distant memory.

The usual suspects are cited as reasons: fear of the impact of the trade war, a strengthening yen, and a looming increase in the sales tax.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Japan , stock , exodus , foreigners , China , favoured ,

   

Next In Business News

Fajarbaru wins RM13.33mil contract from Malaysia Airports
Fitters Diversified bags RM26.1mil subcontract from IJM Construction
CIMB Thai 1Q net profit dips 24.6% to 626.1 million baht
Maxis ready to build another 5G network, fully supports govt 5G delivery model
Iconic Worldwide raises RM95.6mil in oversubscribed rights issue
Merdeka 118 tower receives LEED Platinum certification
Hextar Capital to diversify into construction and project management services
Genting Plantations expects demand for palm products to advance in 2024
FBM KLCI up despite market weakness, Middle East tension
Surging dollar pressures Asian FX; S.Korean won leads losses

Others Also Read