Focus on Asia - Japan, land of the rising equities?
News On Japan via investmenteurope.net -- Jun 22
This week Investment Europe is focus on how different equities managers approach Japan's markets. Today we speak with the Japanese equities team at Invesco.
Chief portfolio manager at Invesco Japan, Kunihiko Sugio says Japan is making "rapid progress" since the earthquake and tsunami that "temporarily crippled its economy.
"Economic momentum is picking up, inflation expectations are rising amid the Bank of Japan's announcement of more quantitative easing, and companies are reforming.
"While the strong yen and the European crisis continue to pose challenges, Invesco's investment professionals are quite positive about the long-term prospects for Japanese equities," Sugio says.
"Japanese companies are becoming well-positioned to achieve a higher return on equity even with only a small increase in revenues," he says.
On the macro front, Invesco believes the Japanese economy could grow
by 2% or more this year - more than than many other developed nations.
|| Nagoya Castle structures restored |
| || At the Nagoya Castle compound in central Japan, restoration work has been completed on the entrance and reception room of the main residential building for the first time in 70 years. (NHK ) |
|| Tokyo cops bust casino in Shibuya |
| || Tokyo Metropolitan Police on Wednesday raided an Internet casino in Shibuya Ward for offering illegal gambling. (Tokyo Reporter ) |
|| X Japan waxes lyrical at Madame Tussauds debut |
| || This Monday, members of the seminal metal band X Japan were in Odaiba rubbing shoulders with the likes of Brad Pitt, Lady Gaga and AKB48′s Yuko Oshima. The catch? They were all made out of wax. (Japan Times ) |