As Calm Ends for Japan Stocks, Investors Brace for More Disorder
- ‘Volatility feels like it’ll get bigger’: JPMorgan’s Shigemi
- Foreigners turn net sellers of Japan equity futures last week
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Bryan Goh says there’s no clear reason why Japanese stocks suddenly started falling after a turbocharged rally sent them to their highest in a quarter century.
What the chief investment officer of Bordier & Cie in Singapore will say is that volatility was so low for so long that it’s hardly surprising the calm finally broke. Yoshinori Shigemi of JPMorgan Asset Management Co. in Tokyo takes a similar line. He doesn’t know where the Nikkei 225 Stock Average will go from here, but he expects the gauge’s once-smooth road to get a lot more bumpy.