Goldman Sachs To Boost Research Coverage of Japan

Goldman Sachs Japan Co., has been beefing up its research operations for Japanese equities, according to Nikkei. Goldman began hiring analysts late last year, taking on talent specializing in the insurance and transport industries in December. It started following individual Japanese internet and media companies this month, and is due to add an analyst for the machinery industry shortly. As a result, Goldman Sachs Japan's research team is expected to soon cover nearly 300 Japanese companies. These moves are interpreted as a sign that foreign investors' interest in Japanese stocks are recovering.