"I expect U.S.-China trade friction to remain a risk in 2020," said Toshinobu Chiba, chief portfolio manager at Nissay Asset Management in Tokyo. "I want to be overweight in Indonesia andMalaysia."
TOKYO: Japanese asset managers are planning to venture deeper into emerging markets in the coming year as falling bond yields in traditional investment destinations, such as Europe, force them into riskier assets.
The country runs a large current account surplus and Japanese investors have routinely recycled that by buying up bonds in investment grade markets in Europe, and more recently China, to diversify from the extremely low interest rates at home.
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