MUMBAI : Japanese equities continue to look attractive to foreign and local investors, backed by a significant valuation discount to other developed markets, the continuation of loose monetary policy, and progress made by companies on corporate governance.'We think the land of the rising sun rises again h
MUMBAI : Japanese equities continue to look attractive to foreign and local investors, backed by a significant valuation discount to other developed markets, the continuation of loose monetary policy, and progress made by companies on corporate governance.
Reynolds, whose firm manages $40.5 billion in assets, now expects a 20 per cent upside in Japanese equity markets, he told the Reuters Global Markets Forum . "Mid-to-smaller-cap stocks, which have their main business in Japan, are expected to generate better earnings from here," said Kuniyuki Sugihara, senior portfolio manager at Sumitomo Mitsui Trust Asset Management in Tokyo.
Sugihara believes any impact from the Bank of Japan's tweak to its yield curve control policy will be"short-lived," with equity markets recovering quickly, as the central bank will continue its monetary easing policy.
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