Our analysis suggests that the Japanese economy is dependent on external sources for growth, a view ...
Our analysis suggests that the Japanese economy is dependent on external sources for growth, a view most investors have been pursuing through their positions in beneficiaries of the global cycle. The rally in shipping, machinery and technology-related issues reveals the difference between global growth optimism and the resignation that the market shows towards prospects for the domestic economy. The market suggestion is that Japan is currently barely anything more than a global cyclical play with some restructuring domestic companies performing better than their peers. Competition ...
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