State Street says Japan stocks among world's most attractive
State Street asset management unit bullish on stocks, especially those in Japan.
(Bloomberg) State Street Corp.’s asset management unit is bullish on stocks, especially those in Japan.
Richard Lacaille, who helps oversee €2.16 trillion in assets as the chief investment officer at State Street Global Advisors, said valuation measures show Japan is one of the most-attractive markets among developed countries. Improving corporate governance, increasing dividends and a weaker currency are helping Japanese companies deliver good earnings consistently, he said in an interview in Tokyo last week.
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