International investors fell out of love with Japan stocks in 2024

Net selling exceeds $32bn amid market volatility and political uncertainty

20241226N JPX

Pedestrians walk in front of the Tokyo Stock Exchange. Japanese equities have grown 18% this year mainly due to share buybacks. (Photo by Mayumi Tsumita)

KONATSU OCHI and NOZOMI OKUBO, Nikkei staff writers

TOKYO -- Foreign investors have turned net sellers of Japanese cash stocks and futures in 2024 to the tune of more than 5 trillion yen ($32 billion) as market volatility and low expectations for Prime Minister Shigeru Ishiba's government dampen their appetite.

From the start of the year through the third week of December, overseas investors sold a net 275.5 billion yen in cash stocks, Japan Exchange Group data released Thursday shows.

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