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11-04-2016, 10:19 AM
The Japan stock market, is primary supported by foreign investors. The pullout will definitely pull the index lower. The domestic investors are still hoarding their cash, instead of investing...
A definitely good timing to pullout now, with the current exchange rate...
BlackRock joins US$46 bil Japan pullout
(Apr 11): For global equity investors and Shinzo Abe, it’s splitsville.
Starting in the first days of 2016, foreign traders have been pulling out of Tokyo’s stock market for 13 straight weeks, the longest stretch since 1998. Overseas traders dumped US$46 billion ($62 billion) of shares as economic reports deteriorated, stimulus from the Bank of Japan backfired and the yen’s surge pressured exporters. The benchmark Topix index is down 17% in 2016, the world’s steepest declines behind Italy.
Losing the faith of foreigners would be a blow to the Japanese prime minister -- they’re the most active traders in a market Abe has held up as a litmus on his growth strategies. “Japan is back," and “Buy my Abenomics!” he proclaimed during a visit to the New York Stock Exchange in September 2013, when shares were marching to an eight-year high. Now about half of those gains are gone and BlackRock Inc., the world’s largest money manager, is among firms ending bullish calls on Japan equities.
...
http://www.theedgemarkets.com/sg/article...an-pullout
A definitely good timing to pullout now, with the current exchange rate...
BlackRock joins US$46 bil Japan pullout
(Apr 11): For global equity investors and Shinzo Abe, it’s splitsville.
Starting in the first days of 2016, foreign traders have been pulling out of Tokyo’s stock market for 13 straight weeks, the longest stretch since 1998. Overseas traders dumped US$46 billion ($62 billion) of shares as economic reports deteriorated, stimulus from the Bank of Japan backfired and the yen’s surge pressured exporters. The benchmark Topix index is down 17% in 2016, the world’s steepest declines behind Italy.
Losing the faith of foreigners would be a blow to the Japanese prime minister -- they’re the most active traders in a market Abe has held up as a litmus on his growth strategies. “Japan is back," and “Buy my Abenomics!” he proclaimed during a visit to the New York Stock Exchange in September 2013, when shares were marching to an eight-year high. Now about half of those gains are gone and BlackRock Inc., the world’s largest money manager, is among firms ending bullish calls on Japan equities.
...
http://www.theedgemarkets.com/sg/article...an-pullout
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