Group 1 - The core point of the articles highlights unprecedented capital outflows from Japanese stock funds, amounting to $11.8 billion, marking the largest weekly outflow on record [1] - Bank stocks in Japan, despite being the best-performing sector globally over the past three years, are showing concerning trends as they fail to rise in tandem with increasing Japanese government bond yields [1][3] - Concerns regarding the Bank of Japan's policy normalization, including the end of negative interest rates and yield curve control, are leading to fears of a rapid tightening of financial conditions [3] Group 2 - The rapid rise in bond yields is interpreted as a sign of doubts about Japan's economic growth potential and resilience, which counteracts the benefits of improved bank net interest margins [3] - After three years of strong performance, the valuation attractiveness of the banking sector has diminished, prompting significant capital to lock in profits amid rising yields [3] - The current situation in the Japanese market, particularly for bank stocks, reflects a critical contradiction where the theoretical benefits of monetary policy shifts are overshadowed by deep concerns about economic outlook and financial stability [3]