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TPG-Axon’s Singh Says Japanese Stocks Cheap, Profits on Rise

Dinakar Singh, founder of $4 billion hedge fund TPG-Axon Capital Management LP, said Japanese stocks are inexpensive and profits are rising there.

“You look at the U.S. and Europe -- there aren’t a lot of places where you see margins that have a chance to go up from here,” said Singh today in an interview on CNBC’s “Squawk Box.” “In Japan you still do.”