Japan and India hold promise: SocGen

Singapore

JAPAN and India are two Asian countries which hold investing opportunities at the moment, said Societe Generale's recently appointed head of Asia equity strategy Frank Benzimra.

The Japanese story of reforms dragging the economy out of deflation remains intact, he said.

Anecdotally, animal spirits are awakening especially in Tokyo, said Mr Benzimra, who has family there.

"I've been to Japan for 20 years, I always stay in the same hotel (in Tokyo), the price always between 9,000 and 11,000 yen (S$110-S$130). When I went there last year, it's 20,000 yen," he said. He noted that while the rise is not repre…