SPARX remains bullish on Japan
Mon Feb 22, 2010
Shuhei Abe, founder of SPARX, believes that despite all of the gloom, there is still an upside to Japan's prospects in 2010 and further ahead
Founded in 1989, SPARX started out as an asset manager
specialising in Japan, but is now Asian focused with investment
subsidiaries, Cosmo and PMA, headquartered out of Seoul and
Hong Kong respectively. The firm has current assets under
management of about $7 billion.
What outlook do you see for the Japanese markets at
SA: The Nikkei's historical peak was in
1989. By October 2008, the Nikkei was 82% down from that peak.
The Japanese equity markets appear to have a full cycle that
lasts for up to six years. A bull phase lasting three years is
followed by a down cycle usually lasting a similar period of
time. After the January 2006 peak, the market declined for
three years with the pace of the decline speeding up after the
collapse of Lehmans. The up-cycle since the bottom has been
comparatively unexciting. Analysts...
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