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Why the risk flight has landed in Japan Add to ...

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Don’t look now, but Japan is back in favour.

The latest Bank of America Merrill Lynch survey of fund managers shows a surprising – some might say, masochistic – surge in affection for the Land of the Rising Sun (AKA, Land of the Falling Sum).

As those of us who have held Japanese equities for a few years – and, yes, I’m one of them – can tell you, this is a trade that requires a certain insensitivity to pain.

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Follow on Twitter: @IanMcGugan

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