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...
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