Despite the possibility that the government may block a hedge fund’s bid to increase its stake in a power utility, Japan remains an attractive place to invest because of low valuations, Nikko Asset Management Co.’s president said recently.
Bill Wilder, who more than doubled Nikko’s assets to $120 billion since joining from Fidelity Investments in 2004, said Japan has “some of the premier companies” in the world based on measures such as price-to-book ratios and earnings prospects.
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