‘Big money never buys cheap’: Why investors are waiting on Japan
(Corrects paraphrase in paragraph 7 to “policy certainty” from “policy uncertainty”) By Summer Zhen HONG KONG (Reuters) -As Japan’s stock market roars to multi-decade highs, large investors with long memories say they are staying out, wary of sagging momentum and the prospect the central bank will unwind its massive monetary stimulus. Riding a wave of buybacks and strong corporate earnings, and pumped up by a weak yen, the broad Topix […]