Reported about 1 year ago
Foreign investors are currently selling off Japanese stocks amid a sluggish economy, in contrast to the record share market rally seen earlier in the year. Firms like Citigroup Inc. and abrdn Plc are turning more pessimistic due to uncertainties surrounding corporate governance reform and the Bank of Japan's monetary policy. Despite a previous surge in Japanese shares, foreign investors have become net sellers for the fourth consecutive week. Factors like the weakening yen and concerns about the sustainability of Japanese stocks' drivers are contributing to the caution displayed by investors.
Source: YAHOO