Japan share buybacks on record pace as foreign investors sell

Purchases by Mitsui & Co., Komatsu and more lift market

20241010N tokyo

More Japanese companies are buying back shares to boost their capital efficiency. © Reuters

YOSHIKAZU IMAHORI and AKINORI KAMATA, Nikkei staff writers

TOKYO -- Japanese stock prices are rising despite overseas investors paring down holdings, as a record amount of share buybacks more than make up the difference.

The benchmark Nikkei Stock Average closed at 39,380 on Thursday, up 102.93 points, or 0.26%, from Wednesday.

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