HALF A BANZAI FOR WORLD EQUITIES
“It’s getting to be the right time for equities,” said Naoshi Kiyono, deputy general manager of Yasuda Mutual Life Insurance Company’s international investment department. “Increasingly we feel the days for investing 100% in bonds are over.”
The Japanese have been the dominant players in recent US Government fund-raising, their investment regularly accounting for more than one-third of each issue. But until very recently they have shied away from world equity markets, as too risky.
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