Fuji Heavy, Nidec Shares Will Jump With Japanese Economy

Fuji Heavy Industries will benefit more from the weakening Yen and Japanese export growth more than its competitors, said John Creswell, Senior Managing Director at Euclid Advisors and Subadvisor to the Virtus International Equity Fund. Creswell said Fuji Heavy does more of its manufacturing in Japan so the declining currency will give the Subaru-maker a bigger lift. He said Japanese telecom giant NTT is undervalued and will benefit from the corporate reforms encouraged by Prime Minister Abe. Finally, Creswell is bullish on Nidec, saying the motor-maker is growing as the 'Internet of Things' continues to surge.