(Bloomberg) Toshihiro Hirao, whose Japan hedge fund posted its biggest decline ever last year, sees relief ahead as he expects President Donald Trump’s policies to boost Japanese equities by the most in three years.
Hirao, 52, who runs the Asuka Japanese Equity Long Short Strategy in Tokyo, is predicting that Trump’s pro-business agenda will help strengthen the dollar, stoking a 15 percent increase in the Topix index this year. Despite a tumultuous start, the U.S. president will soon turn to his plan of tax cuts and infrastructure spending, Hirao said. That will help Japanese industrial machinery and automation companies as well as those with U.S. businesses, which are also benefiting from a weaker yen, he said.
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