Global Money Flees Japan Stocks at Fastest Pace Since 1987
- Outflows are biggest since before nation’s bubble burst
- Investors lose faith in Abenomics as deflation persists
Why Some Investors Are Having Second Thoughts on Japan
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International equity investors are giving up on Japan.
After dumping their Tokyo stock holdings for four of the past five months, foreigners are on track for their biggest annual exodus since 1987. Back then, they were fleeing bubbly valuations and the Black Monday crash. This time, they’re fed up with Shinzo Abe’s ineffectual economic policies and the surging yen.