Does MM like Japanese Financial Institutions?
Are Japanese banks and finance institutions worth considering? Good value and ride any upturns with rising interest rate and eventual inflation? What are MM thoughts?
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Answer
Hi Michael,
The simple answer is not anymore, due to our view that the USDJPY has formed a multi-year high we now believe the Nikkei is set to underperform its global peers over the coming years.
Hence if/when we want to hold positions in banks and the financials we are likely to look onshore and to Europe and the $US.
