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Equities

Strong yen drives foreigners out of Japanese stocks

Talk of a BOJ shift contributed to the largest seven-week sell-off since 2015

  © Reuters

TOKYO -- Overseas investors have been steadily unloading Japanese equities amid concern that the yen's strength will dent corporate earnings and speculation about the possibility of tighter monetary policy.

Foreign investors were net sellers of Japanese stocks and index futures for seven straight weeks through Feb. 23, according to Japan Exchange Group figures -- the longest such stretch since an 11-week period from January to March of 2016.

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