Avoid Brics, buy Japan stocks and Asia ex-Japan bonds: SG

Forget Bric and Asia ex-Japan equities – invest in Japanese stocks and non-Japan Asia short-duration bonds. So says Alain Bokobza, global head of asset allocation at Société Générale in Paris, who spoke to AsianInvestor while he was in Hong Kong recently. China and India look set to overheat, he argues, thanks both to policy-makers in Beijing and elsewhere in Asia ex-Japan being “behind the curve” on tightening monetary policy and to the US’s quantitative easing (QE) measures. In a r…