Shareholder ownership data released by the Japanese stock exchanges -TSE, OSE, NSE, SSE and FSE – shows that foreign ownership of Japanese equities is higher than ever, at 23.7%. This is up 1.9% on a year earlier.
“It seems foreign investors are absorbing unravelled cross-holding shares that are being released to the market,” says a spokesman for Mizuho Corporate Bank. “Their holding ratio has surged more than two-fold in the past ten years.”