Tokyo holds surprises for first-time visitors, which you sense as you drive in from the airport, watching serene rice fields give way to a clockwork-organized bedlam. In the morning, the city looks somewhat gray and polluted, but at night it turns neo-bright, enlivened by the unexpected. This is the first lesson for a Tokyo roadshow: expect the unexpected.Like the city itself, Tokyo’s buy-side parameters keep changing. Take the deregulation of recent years. Though recession lingers, Japan’s massive pension funds must now send far more funds into the marketplace. That encourages foreign holdings, as . . .
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