-- Japan’s record share market rally earlier this year is looking like a distant memory as foreign investors sell off stocks in a sluggish economy.At Blackstone’s $339 Billion Property Arm, the Honeymoon Is Over
“The early optimism for Japanese stocks this year is clearly hitting a speed bump,” said Hebe Chen, an analyst at IG Markets Ltd. “Investors face the soul-searching question of whether the drivers for Japanese stocks are sustainable.”Factors that supported Japanese shares earlier are starting to drag on the market.
“We would like to see some floor in terms of the weakening trend” of the yen, and that may benefit the domestic economy, JPMorgan Asset Management’s Aisa Ogoshi told Bloomberg TV. Edinburgh-based abrdn Plc prefers Chinese and Indian stocks over their Japanese peers in the next three to six months, according to David Zhou, investment director of multi-asset and investment.
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