It’s fair to say that Japan is back and that its deflationary years are arguably behind it. The Asian nation may also be in just the right place to win big on today’s shifting geopolitical landscape.
Japan is full of high-quality companies, its stock market just hit a 33-year high, and overseas buying exploded last month. But despite these advantages, Japan’s market is still remarkably cheap. This according to David Mitchinson, fund manager at Zennor Asset Management, who joins Merryn Somerset Webb on this week’s Merryn Talks Money to explain why this rally in Tokyo’s equity market is longer-lived than previous rallies, and why the excitement around Japan is different this time.
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