T. Rowe Price Japan Fund Comments on Hamamatsu Photonics

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Dec 30, 2019

We established a position in Hamamatsu Photonics (TSE:6965, Financial), a global leader in products that work with emitting or detecting particles of light. We believe that earnings will grow as the semiconductor cycle strengthens in 2020 and, longer term, as its addressable market increases

From the T. Rowe Price Japan Fund (Trades, Portfolio)'s 2019 annual shareholder letter.

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