After the recent events at Japan-based Livedoor Co., Japanese investors have been avoiding equities, according to Dow Jones. Equity fund shareholders took more money out of Japan than they put in, overturning a bullish trend.

Yen-dominated funds located oversees were hit the hardest, which proves that Japanese investors, rather than international investors, were in a rush to get their money out, said Brad Durham, a managing director of Boston-based Emerging Portfolio Fund Research.

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