Japan stock volatility chased away speculators, lured long-term investors
TOKYO -- On Aug. 5, Katsuaki Nagai, a trading section manager at Marusan Securities, received a flood of orders from wholesale customers who wanted to buy the largest-ever daily dip in Japanese stocks.
Japanese institutional investors' appetite for domestic exchange-traded funds was so overwhelming that it created anxiety in Nagai's office. "We were more panicked than our customers" to execute orders, he said.
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