Foreigners eye return to Japan stocks after years of selling

Comgest Asset Management Japan Ltd expects Japan’s profit growth to outpace that of the US, as corporate taxes will “almost certainly” rise under President Joe Biden. The Tokyo Olympics and the recently forged Asia trade pact will all serve as additional reasons for investors to seek Japan-specific exposure.

TOKYO: Foreign investors may at last be returning to Japan’s stock market after a six-year selloff, amid the growing realisation of an opportunity that no other place can provide, a top fund manager says.

Comgest Asset Management Japan Ltd expects Japan’s profit growth to outpace that of the US, as corporate taxes will “almost certainly” rise under President Joe Biden. The Tokyo Olympics and the recently forged Asia trade pact will all serve as additional reasons for investors to seek Japan-specific exposure.