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Buybacks pack punch in dull Japan market

TOKYO -- Share repurchases are helping take up the slack in Japanese equities as foreigners show little appetite for buying.

"Business companies" -- as opposed to financial institutions and other corporates -- were net buyers of Japanese stocks Aug. 8-12 for a 16th straight week, the latest Tokyo Stock Exchange statistics show. The streak continued even as the value of these inflows fell to 23.1 billion yen ($230 million) from the week-earlier 70.4 billion yen.

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