FJP - The Unexpected Opportunity For 2019: Japan
By Christopher Gannatti, CFA, Head of Research, Europe
There is a massive divergence in today's markets:
- We believe Japan is an interesting market, with many positive things occurring at the policy level and with very inexpensive and improving fundamentals.
- Market participants outside Japan often don't pay as much attention to Japan, because they think that the hype over Abenomics and the subsequent investment opportunity have both passed.
With Japan so far out of favor among investors, is it a contrarian opportunity, or are we continuing to be fooled by the false allure of Japan's potential?