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.