London isn¡¯t the only city with an iconic bus.
In Tokyo it¡¯s yellow, named after a pigeon, and should be a welcome sight to stock investors. That¡¯s because Hato Bus Co.¡¯s seats are increasingly filled with Chinese sightseers, giving the company reason to be optimistic that the slowdown in Asia¡¯s largest economy will do little to stem the record visitors to Japan under Prime Minister Shinzo Abe. While Hato Bus is not listed, traders have flocked to tourism shares, a bright spot in an otherwise struggling economy.
¡°Chinese customers are still increasing,¡± said President Yasushi Nakamura from company headquarters, hidden in a sprawl of factories and warehouses on land reclaimed from Tokyo Bay. Rows of lemon-colored buses stand outside the window. ¡°It¡¯s not so affected by the economy.¡±
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