Japan has reported third quarter annualised GDP growth of 2.2%.
The concerted efforts of Japan’s bold Prime Minister Shinzo Abe and the country’s central bank to revive the country’s ailing economy have left European investors unimpressed over the past years, as gains in Japanese shares resulting from Abenomics policies were largely offset by currency depreciation. As a consequence, most European fund buyers have consistently kept their allocation to Japanese equities unchanged. But something is shifting.
For the third episode of our series, we will take a look at fund manager predictions for equities from a country whose central bank has committed itself in writing to ‘inflating asset prices’.