Prime Minister Shinzo Abe and Ben Williams

: A push by Prime Minister Shinzo Abe to improve corporate governance has made the market a favorite of hedge funds at the same time as fears that Chinese markets are entering bubble territory mount following gains of as much as 150 percent in the country two best-performing stock market indexes during the past year, according to The Japan Times. A combination of sustained political resolve and focus on shareholder value is leading to real change across Japan, said Ben Williams, Hong Kong-based head of Asia-Pacific financing sales at Bank of America-Merrill Lynch. Hutchin Hill, Indus Capital Partners and Oasis Management are among firms touting winning trades among Japanese power producers, makers of foods and beverages and semiconductor parts. Global investors are increasingly viewing the country favorably and companies are somewhat further ahead than those in China in terms of genuine corporate reform. Stock doubling Management of Coca-Cola West has room to increase its per-share dividend to bring it in line with the local industry payout average of ¥60, said Ethan Devine, a New York-based partner of Indus Capital Partners. Hedge-fund managers who gathered at the annual Sohn Conference Hong Kong presented by the Karen Leung Foundation last week cited Japanese companies such as Kyocera Corp. and Coca-Cola West Co. as undervalued stocks poised to rally. (news.financializer.com). As reported in the news.