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Foreign ownership of Japanese stock hits record for third year

TOKYO -- Foreign ownership of Japanese stocks hit a fresh high for the third straight year in fiscal 2014, largely because of expectations for strong corporate performance and solid returns.

     Foreign investors owned 31.7% of all Japan stocks in value terms as of March 31, up 0.9 point from a year earlier, with their net buying coming to 2.52 trillion yen ($20.2 billion) in fiscal 2014, according to data released Thursday by the Tokyo Stock Exchange and other exchanges.

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