Goldman’s Kirk Sees Foreigners Buying Japan Stocks After Slump
- Chief Japan equity strategist sees ‘noticeably higher’ demand
- Recommends increasing exposure to domestic-demand shares
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Foreign investors are looking to buy Japanese stocks as the market regains its footing after the steepest decline since Black Monday in 1987, said Bruce Kirk, chief Japan equity strategist at Goldman Sachs Group Inc.
“We were very concerned that the scale of the pullback could result in a pause of foreign investor interest, but that doesn’t seem to have taken place at this stage,” said Kirk, who’s been covering Japanese equities since 2001. “And if anything, I think the interest levels from certain parts of the foreign investor community have become noticeably higher.”