Manga-related shares get boost
03.09.08 | Philip Jones
Stocks in Japan’s manga publishers, cartoon animators, toymakers and a variety of other pop culture-related shares exploded into life yesterday as the market pondered the possibility of a “comic-friendly” new prime minister, reports the Times.
The short-lived market euphoria surrounding companies that sell or manufacture Japan’s celebrated “otaku” (geeky) goods was, said senior fund managers, a “silly proxy bet” on who will be the next prime minister of Japan.
But, according to the newspaper, following the shock resignation by Yasuo Fukuda, Japanese and foreign brokers rushed to supply clients with a comprehensive list of pop culture stocks that might benefit, should the famously manga-obsessed Taro Aso, chief cabinet secretary, become leader.