BlackRock's Fink sees Japan stocks benefiting from China flight

But domestic demand for shares key to keep Tokyo rally going, CEO says

20230620N Larry Fink

BlackRock CEO Larry Fink recently spoke with Nikkei about the outlook for Chinese and Japanese equity markets. (Photo by Yumi Kotani)

TAKENORI MIYAMOTO, Nikkei staff writer

NEW YORK -- Investor capital is migrating from Chinese stocks to Japanese equities, BlackRock CEO Larry Fink told Nikkei in a recent interview, amid concern about China's sluggish recovery and dimming long-term growth prospects.

"We are seeing some international investors selling China," Fink said. "They are de-emphasizing China because they're worried about China's economy, and they're investing in Japan as they want to continue with their Asian exposure."

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