Several investors have been looking favorably at Japanese stocks in the past few months, and market strategist Matt Orton is no exception. "Japan overall, has been a fantastic market ... Japan was the top performer within the Asian equity market complex," the chief market strategist at asset management firm Raymond James Investment Management told CNBC's " Squawk Box Asia " on April 1. Japan's Nikkei 225 Index is up nearly 20% year to date.
"What I really like about it, is the fact that you have, finally, interest rates increasing in the country — that's going to benefit financials, broadly speaking, but Sumitomo has an asset management business that's levered to other parts of the world, not just Japan," he said. "They also have a number of investments that they've made over the past decade, that you're finally starting to see good return on coming forward," Orton added.
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