Sony's 17-year high suggests Japan bulls are raring to go

Market set to benefit first from return of risk-on sentiment, analysts say

20191210N sony kenichiro yoshida black

Sony President and CEO Kenichiro Yoshida speaks during a Sony press event for CES 2019 at the Las Vegas Convention Center in January.  © Getty Images

HIROFUMI TAKEUCHI, Nikkei staff writer, and YAYA OZAKI, NQN staff writer

TOKYO -- Japan's stock market appears poised to become one of the first places where global investors splash out when they regain their appetite for risk, analysts say, pointing to a leaner, meaner manufacturing sector's growth prospects.

Investors have been biding their time on the sidelines as the U.S.-China trade war and other factors discourage big moves. Even so, Japanese blue chips have proved resilient.

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