Investors should buy any dip in high-growth Japanese stocks, says Thomas Rupf, a bank vice president who is also bullish on China.
Japan’s Topix index continues to hit new highs, rising 18.3% this year, on the back of improving corporate profitability and long-awaited wage growth.
But the Bank of Japan’s decision to raise rates for the first time in 17 years amid a rebound in inflation could trigger a short-term pullback that would allow investors who missed out on the opportunity to get into the market, the bank’s chief investment officer for Asia said. .