Japanese Investors Dump Record $34 Billion in Foreign Stocks in One Week

Japanese investors sold a record amount of foreign stocks last week, offloading a net 3.64 trillion yen ($34 billion) of overseas equity. The figure is almost six times greater than in any previous week.

It wasn’t immediately clear what factors were behind the record selling, with fingers pointed at factors including funds locking in profits as U.S. stocks recovered their losses suffered during the pandemic, as well as the settlement of SoftBank Group Corp.’s disposal of shares in T-Mobile US Inc.