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Tokyo Olympics Win Seen Boosting Infrastructure, Recovery
Tokyo’s winning bid to host the 2020 Olympics may boost construction and tourism stocks and give a lift to consumer confidence, playing into Prime Minister Shinzo Abe’s plan to revive the world’s third-biggest economy. “Olympics-related stocks are yet to fully price in the decision, even though they’ve already outperformed,” Hiroshi Fujimoto, a Tokyo-based fund manager at Shinkin Asset, which manages 638.9 billion yen ($6.4 billion) in assets, said by phone on Sept. 3. “In the short term the entire Japanese share market will get a boost from celebratory buying and expectations for the event’s economic ... (full story)
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