The situation in Japan has become even more critical since the events of 11th September. ...
The situation in Japan has become even more critical since the events of 11th September. This is the opinion of Nick Reid, senior investment manager in Japan for Gartmore. Reid believes Japan's economy is deteriorating, recession is firmly in the picture, earnings are visibly collapsing and hopes of reform, from Prime Minister Koizumi's government, are rapidly fading. Despite the gloomy picture, Reid isn't despondent, he commented: "A lot of this is already priced into the market. The situation is so bad that Japan no longer has the option of muddling along as it has throughout ...
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