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.
<div style="text-align: left;">
Is Shinzo Abe's magic starting to fade?
</div>
<div style="text-align: left;"> Is Shinzo Abe's magic starting to fade? </div>

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 ambitions and retrenchment by its ally, the US.

“I’m betting on the long-term view that Japan is waking up out of fear of being abandoned by the US and having a...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222