Japanese reform set to pick up

The pace of economic reform in Japan is expected to pick up next year following a government cabinet reshuffle, according to Invesco. Akira Hiramine, manager of Invesco's GT Japan Investment Trust, said: "The Japanese cabinet is very weak, prime minister Mori is considered a 'lame duck' rather than a long- term solution. There is very little confidence in the government as it stands." Hiramine expects that a reshuffle will occur in December with the appointment of two key opposition members, Mr Kato and Mr Yamakazi. He said: "Both of these men are considered to be reformers, with their a...