hiroshi matsumoto: Matsumoto gave two reasons why he's bullish The market is undervalued because investors are overly pessimistic about the next round of quarterly earnings starting in two weeks, and about the risks associated with North Korea, according to The Japan Times. Once people realize they're being too negative, Tokyo stocks should rise, he said. It's a buying opportunity, Hiroshi Matsumoto, head of Japan investment at the money manager, said in a phone interview from Tokyo. The Topix has fallen 7.5 percent from a 15-month high on March 13. Shares have been buffeted by overseas factors, everything from fears about nuclear tests and missile strikes by Kim Jong Un to U.S. President Donald Trump's comments on the dollar being too strong. That leaves it down almost 4 percent for 2017, which is the second-worst performance among 24 developed stock markets tracked by Bloomberg.
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