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Markets

Foreign funds dump Japan stocks faster than after Lehman collapse

Coronavirus pandemic creates fears about long-term impact on earnings

Domestic investors have been net buyers of Japan stocks -- but not enough to offset foreign selling.   © Reuters

TOKYO -- Foreign investors unloaded Japanese equities for eight straight weeks through April 3 at a pace roughly 50% greater than during the 2008 financial crisis.

"Foreign players likely dumped long-term holdings in March, worried that the impact from the new coronavirus could last a long time," a source at a Japanese brokerage said.

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