Robots and Foreigners Are Key for an Aging Japan
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As Japan’s population ages and slowly declines, bring in the robots and foreigners.
That’s the view of Atsuto Sawakami, whose $2.6 billion eponymous stock fund beat the Topix index in 12 of the past 15 years, according to data compiled by Bloomberg. With pensioners holding most of the nation’s wealth and swelling in number, his fund will profit by buying shares in developers of assistive limbs and other companies that target elderly consumers, the 68-year-old said.