Japan real estate stocks 'poised to surprise': Morgan Stanley strategist

Daniel Blake says Japanese equities less exposed to China than other markets

20231010N Daniel Blake

Daniel Blake, Asia and emerging market equity strategist at Morgan Stanley, says Japanese businesses are only 5% exposed to China in terms of revenues. (Photo by Kae Yoshii)

KAE YOSHII, Nikkei staff writer

TOKYO -- With higher U.S. interest rates clouding prospects for global asset markets, Daniel Blake, Asia and emerging market equity strategist at Morgan Stanley, tells Nikkei that Japanese equities benefit uniquely from the resilient national economy as well as reforms put in place by the Tokyo Stock Exchange.

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