Economics
Japan Stocks Are Among the World's Most Attractive: State Street
- Japan equities helped by improved governance, higher dividends
- Yen seen strengthening toward 90 per dollar in the long run
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State Street Corp.’s asset management unit is bullish on stocks, especially those in Japan.
Richard Lacaille, who helps oversee $2.56 trillion in assets as the chief investment officer at State Street Global Advisors, said valuation measures show Japan is one of the most-attractive markets among developed countries. Improving corporate governance, increasing dividends and a weaker currency are helping Japanese companies deliver good earnings consistently, he said in an interview in Tokyo last week.