Following a succession of false starts over the last ten years, prospects for Japan are again lookin...
Following a succession of false starts over the last ten years, prospects for Japan are again looking cautiously optimistic. "In the last few weeks, several developments have rekindled hope that the pace of change is about to accelerate," says Andrew Milligan, head of global equity strategy at Standard Life Investments. He says that in a 'radical break from tradition', the Bank of Japan has offered to buy some of the struggling banks' shareholdings. "The aim is to stabilize the capital base of the banks and remove the need for forced selling into a weak market," notes Milligan. ...
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