Hedge Funds Eye Japan Stocks Again After Mauling by Wrong-Way Yen Bets

(Reuters) Japan-focused hedge funds may be ready to start nibbling at Tokyo shares again after suffering losses earlier this year by betting on a weaker yen.Though the outlook for the yen remains as murky as ever ahead of Bank of Japan and U.S. Federal Reserve policy reviews, some fund managers think Japanese stocks are looking attractive again after tumbling 13 percent from January.

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