Japanese fund managers bullish on China...and Japan

Meanwhile Japan and Asia fund managers are building cash positions, reports Merrill Lynch.

As of end March, 67% of Japan and Asia fund management specialists find that China is a source of growth on the region, according to the latest monthly Merrill Lynch survey of global fund managers.

Perhaps not surprisingly, Asia fund managers have been incredibly bullish, with now 80% saying China is a positive factor. But so are Japanese managers, with 53% agreeing.

Moreover, more Japanese managers expect China's economy to grow over the next 12 months...

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