Home Stock & Shares More structural reforms required for Japan stocks upgrade, BlackRock Japan CIO

More structural reforms required for Japan stocks upgrade, BlackRock Japan CIO

by Paul

BlackRock Japan’s chief investment officer has said that further progress in structural reforms are the key to bringing back foreign investors to Japanese shares and Prime Minister Shinzo Abe may work on that after a possible election early next year.

In an interview to Reuters on Thursday, Tad Fukushima said that BlackRock (BLK.N), the world’s biggest asset manager, is “cautiously optimistic” on Japanese shares as markets have already largely priced in the likely downward revisions in earnings forecasts.

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