Global money exits Japanese REITs at fastest pace in 9 years

BOJ rate hike and weak yen drove $750m in net selling

20250116N Tokyo REIT

The prospect of higher borrowing costs weighed on Japanese real estate investment trusts. (Photo by Mizuho Miyazaki)

HIROKI MASUDA, Nikkei staff writer

TOKYO -- Foreign investors sold 116.6 billion yen ($750 million) more in Japanese real estate investment trusts than they purchased in 2024, the largest sell-off by this group in nine years.

This marked the second straight year that foreigners were net sellers of REITs, Tokyo Stock Exchange data released Thursday shows.

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