Part 6/11:
The firm initiated investments in Chinese debt around October 2024, betting on the potential for higher returns. Fund manager Hikaru Tanaka believes China’s economic struggles mirror the Japanese downturn of the 1990s, asserting that a similar path of stagnation is inevitable for China. Amidst a stagnating economy, investors are increasingly pessimistic about China’s growth prospects, evident in the significant uptick in Japanese investment in Chinese bonds, which rose by 53% in 2023.