BlackRock Investment Institute cut Japanese stocks to “underweight” on Monday, saying that a Bank of Japan policy change away from its “ultra-loose” monetary strategy could push global yields higher and reduce risk appetite.
Japan's government is likely to appoint academic Kazuo Ueda as the next Bank of Japan governor when Haruhiko Kuroda’s second term ends in April, a surprise choice that could finally align the country with other major economies in raising interest rates.
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