Koizumi fails to deliver on promise of reforms

Professional Adviser
clock

Expectations for Japan's economy continue to get gloomier. The latest forecast for GDP growth in 200...

Expectations for Japan's economy continue to get gloomier. The latest forecast for GDP growth in 2002 from Salomon Smith Barney is for a 1.8% drop, a downgrade from the company's earlier prediction of a 1.2% fall. The company is also predicting that deflation will worsen with consumer prices falling by as much as 1.7% in 2002. Tomoko Fujii, economist at Salomon Smith Barney, paints a negative picture of the external outlook for Japan. She says the economic growth in Japan's key export markets will probably slow from an estimated 5.7% in 2000 to about 1% in 2001 and is only set to incr...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •