FUND VIEW-Morley neutral as Japan FX, restructuring risks weigh

By Mariko Hayashibara

LONDON, Feb 10 (Reuters) - Currency and restructuring risks are weighing on Japanese equities, making the market a neutral investment at best, according to Britain's Morley Fund Management.

"While Japan is enjoying economic recovery, companies are making profits, we look at it strictly as a cyclical phenomenon. There are still difficult issues of reform, restructuring, land price and bad debts in banks, all of which is not going away," John Ip, ...