Invesco Perpetual's Chesson sees deep value in Japan as recession hits

Invesco Perpetual's Paul Chesson remains bullish on the outlook for the Japan despite the country's s...

Invesco Perpetual's Paul Chesson remains bullish on the outlook for the Japan despite the country's slide into recession last week. The group's head of Japanese equities admitted he underestimated the extent of the economic downturn in the country, but said valuations have also become increasingly attractive. "The economy has deteriorated faster than I expected, but on the other hand, the market has also got much cheaper than I anticipated. But there have also been very big changes within the market in terms of relative share price movements since the spring time," Chesson said. Followi...