Japan still a 'buy' despite entering bear territory

J.P. Morgan’s top money manager sees fear of China driving long-term reform in Japan and says investors should take recent stock market losses on the chin.

Japan still a 'buy' despite entering bear territory

The Japanese government’s efforts to stimulate the country’s moribund economy remain on track, says Jan Loeys, J.P. Morgan’s head of global asset allocation and alternative investments, and he urges investors to continue to buy into the country’s stock market.

Loeys maintained his “overweight” stance on Japanese equities even as the country’s key stock market index plunged into bear market territory on Thursday. He says economic reform will be driven by Japan’s fear over China’s territorial...

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