Japanese corporations purchased a record number of domestic stocks last year, becoming the largest buyers in a major share buyback effort. According to data from the Tokyo Stock Exchange, Japanese companies net purchased 7.9 trillion yen (50 billion USD) in stocks. Foreign investors net purchases for 2024 were only 154 billion yen, as they withdrew significantly following the market crash in August. Other investors, including Japanese Institutions and individual investors, were net sellers, offloading during the rebound as the Japanese benchmark index surpassed the 1989 peak. The net sell amount for Japanese Trust Banks was 3.8 trillion yen, and trust banks are seen as representatives of the capital flows of Japan's Retirement funds. Individual investors sold off 2 trillion yen. In recent years, the Tokyo Stock Exchange has pressured listed companies to make more efforts to boost stock prices, leading Japanese companies to increase their share buyback activities.