April 3 (Reuters) - Foreigners sold Japanese stocks for
the ninth straight week through March 29, the longest selling
run in three years, amid concerns that U.S. reciprocal tariffs
could disrupt exports.
U.S. President Trump announced a higher-than-expected 24%
tariff on Japanese goods on Wednesday, while a previously
imposed 25% tariff on auto imports will take effect as planned
on April 3 in a major blow to the Japanese auto industry.
Foreigners sold Japanese stocks worth 450.4 billion yen
($3.06 billion) on a net basis for the week, according to data
from Japan's Ministry of Finance.
In the nine straight weeks of net selling that began on
January 26, foreigners have withdrawn 6.47 trillion yen compared
with just 3.89 trillion yen worth of total net withdrawals in
the week through March 26, 2022, the last nine-week-long selling
streak.
The Nikkei tumbled as much as 4.6% to an eight-month
low of 34,102.00 on the day, with analysts warning of further
pressure as a stronger yen, driven by safe-haven demand,
threatened to weigh on exports.
Foreign investors also ditched Japanese bonds in the week
ended March 29, as they shed long-term bonds worth 489.7 billion
yen and short-term bills of 155.8 billion yen.
Meanwhile, Japanese investors net bought foreign stocks
worth 583.2 billion yen, marking the sixth weekly net purchase
in seven weeks.
However, they sold foreign debt, for the second successive
week, worth about 214.9 billion yen.
($1 = 147.3600 yen)