Soros Returns to Japanese Markets

June 7, 2013 Share Print 0

Even as Japan’s benchmark stock index flirted with bear territory on Friday and then closed more than 6 percent lower for the week, there was some good news for the beaten-down Nikkei.

Japan’s public pension fund said on Friday afternoon that it would change its asset allocation target by lifting its weighting of domestic stocks and lowering its target allocation for Japanese government bonds.

Billionaire investor George Soros, meanwhile, returned to Japanese markets this week after his investment firm pulled out of the market in May just before the sharp sell-off in shares got underway, Dow Jones newswires reported, citing a person close to the matter.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.