Latest data from Japan’s Ministry of Finance (MoF) published on Thursday showed foreign investors remained net buyers of stocks last week – a period during which the country’s equity market suffered its steepest single-day sell-off in two years.
So, who is behind the rout in Japanese equities, which have plummeted more than 12 percent over the past week?
According to market experts, the sell-off that began last Thursday after the benchmark Nikkei 225 came within a whisker of 16,000 – a key psychological level for the index – has been largely driven by domestic retail investors, alongside hedge funds.
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