Banking reforms still key to Japan's market success

The lack of clarity on the prospects of the Japanese economy means many managers remain neutral in the market going into 2002. Despite that, some say this year could be one of the most eventful in recent times with the banking crisis likely to come to a head, possibly even in this quarter. Banking reform remains key to the market's future, as does cutting non-productive infrastructure spending, according to Invesco Perpetual's Paul Chesson. He says cutting infrastructure spending appears to have little opposition from the public but the crucial point of the year will centre arou...