US investors are increasingly buying Japanese stocks focused on tech and artificial intelligence, lured by the country’s hefty returns compared with American stocks, according to Goldman Sachs. “The increase in US flows is now moving at the fastest pace we’ve seen since Abenomics,” said Bruce Kirk, the bank’s chief Japan equity strategist. US investor active…
By Hannah Lang NEW YORK (Reuters) -The yen eased to a one-week low on Tuesday after hardline conservative Sanae Takaichi was elected as Japan’s prime minister, with traders betting her government could muddy the interest rate outlook and bring about a greater fiscal largesse. Takaichi, the first female PM and leader of Japan’s ruling Liberal…
By Rocky Swift and Junko Fujita TOKYO (Reuters) -Japanese shares surged to a record high on Monday, while the yen and long-term bonds plunged as Sanae Takaichi was all but confirmed to become the country’s next premier, stoking bets on a revival in big spending and loose monetary policy. The Nikkei 225 Index soared 5%…