TOKYO -- Japanese institutional investors have lowered the weighting of domestic shares in their portfolio amid concern over the stronger yen's impact on corporate earnings.
A QUICK index of investor sentiment based on weighting of Japanese shares declined for a second straight month in April to 33.96, the lowest since April 2011, soon after the March 2011 earthquake. A reading above 50 in the monthly survey targeting institutional investors and securities brokerages means bullish sentiment, while a figure below that mark signals a bearish outlook.
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