Tokyo
BOND billionaire Jeffrey Gundlach says Japanese stocks are cheap. A lot of investors are starting to agree.
The head of DoubleLine Capital says Tokyo equities may be a way to play the reflation trade, reiterating the bullish stance he took in 2013. With a Federal Reserve interest-rate increase next week seen as a certainty and traders turning their focus to how many more hikes will follow, Japan's stock market is primed to benefit from a weaker yen and money managers shifting into shares from bonds.
The chorus of bulls on Japanese equities is getting louder. Foreign investors are ploughing money into Tokyo stocks and US-listed exchange-traded funds (ETFs) tracking the market, and the Topix...
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