Oakmark’s Herro Says Unloved Japan Stocks a ‘Steal’
This article is for subscribers only.
Japan’s stock market is more than 70 percent off its 1989 record high and last month the country’s debt was downgraded for the first time in nine years. Time to buy Japanese equities, says David Herro.
“At these prices Japanese stocks are a steal,” said Herro, 50, manager of the $6.9 billion Oakmark International Fund, which is almost a quarter invested in Japan.