Foreign investors are continuing to sell Japanese shares. Three such companies with high foreign ownership ratios have been declining considerably.Of the 40 firms listed in the first section of the Tokyo Stock Exchange with high foreign ownership ratios, 27 companies saw their foreign ownership stakes drop as of Sept. 30.

The leasing firm Orix – foreign ownership ratio fell 9.4 percentage points from a year ago. Foreign ownership now stands at 57.6%.

Sony saw the stake held by foreigners slip 4.5 points to 48.1%. It is the first time in two years the ratio has been under 50%.

Suzuki Motor Corp.’s foreign ownership dipped 0.7 point to 29.4%.

The figures are for the end of September. Since then, the market deteriorated further in October.

While Japan owns a whole lot of America and other countries – second only to China in foreign exchange reserves, other countries are evidently backing off on their ownership in Japan.

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