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Investors have for decades seen Japan as exceptional. Some say that's 'obsolete' [CNBC]

Noah Holdings Limited American Depositary Shares (NOAH) 
US:NYSE Investor Relations: ir.noahwm.com
Company Research Source: CNBC
Investors have for decades taken an 'Asia ex-Japan' approach. Some say that's 'obsolete' Kiyoshi Ota | Bloomberg | Getty Images Tokyo skyline The concept of "Asia ex-Japan" has been around for decades, but some experts say the approach of viewing The "Asia ex-Japan" approach traces its roots back to the 1980s and 1990s when the country was the most dominant player in Asia, and the size of its economy and stock market towered way above its neighbors. Many investment banks and research houses still organize their strategy and coverage based on that concept. That's despite the fact that China But some see the sands shifting under the edifice. "We see over time with China getting more and more meaningful that the whole region would be looked at as one (Asia Pacific) region," Jim McCafferty, who heads Asia ex-Japan research at Japanese investment bank Nomura, told CNBC last week. "In our forecast China will be bigger than Japan by 2023," Hong Kong-based McCafferty said, referring to Nomura Show less Read more
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