US EditionMan Group’s Japan CoreAlpha Fund turns to banks on inflation play
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Man Group’s Japan CoreAlpha Fund turns to banks on inflation play
Man Group’s £2.45bn Japan CoreAlpha Fund has begun selectively adding Japanese bank stocks, betting that the Bank of Japan (BOJ) will eventually raise rates to tackle persistent inflation, according to a report by Bloomberg. Portfolio Co-Manager Emily Badger said relative stability in the yen has created more scope for the BOJ to move towards policy normalisation. “Inflation is higher than last year, the yen-dollar is more stable than last summe…
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