Data from Japan's Ministry of Finance today showed that during the week ended June 20 foreign investors became net sellers of Japanese equities for the first time since March:
- sold a net ¥524.3 bn of Japanese stocks
- pullback comes after 11 consecutive weeks of net buying, totalling ¥7.236 trillio
Analysts say the selling week comes amidst:
- earnings that aren’t that strong
- market valuation a bit rich
