International investors fleeing Japanese stocks at fastest pace since 1987

International investors are giving up on Japan which is evident from the outflows from Tokyo stock holdings for four of the past five months.

As per Bloomberg report, foreigners are on track for their biggest annual exodus since 1987. The $59 billion outflow is bigger than in any of the 33 markets tracked by Bloomberg.

The outflow data makes it clear why Topix index has dropped more than 10% this year despite Bank of Japan’s (BOJ) purchases.