Flows are rotating into Industrial Tech & Materials while Japan's Industrial and Financial Cohort weakens

🇯🇵 A clear flow shift is taking shape as inflows into industrial tech and materials dominate the market, while Japan's industrial and financial names exit heavily. The flow snapshot shows 16 outflows versus just 11 inflows, with the largest outflow from Japan’s $1812-T at over $85 billion. Meanwhile, the top inflow into industrial tech, led by $6471-T, surged by more than $650 billion. This divergence suggests a rotation away from Japan’s traditional core sectors into industrial tech and materials. The confirmation comes from the inflow into $6471-T, which alone more than offsets the outflows from Japan’s industrial names, indicating a shift in investor focus. Next, watch whether this inflow broadens beyond the top names or remains concentrated in a handful of leaders to gauge the sustainability of the move.