Japanese market awaits evidence of turnaround

Professional Adviser
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The news for Japanese bonds and equities continues to be negative, according to Fraser Laird, direct...

The news for Japanese bonds and equities continues to be negative, according to Fraser Laird, director of Japanese equities at Abbey National. The group thought the market had bottomed out three months ago and so increased its weighting there. Recent evidence has shown that the faltering economy is still holding the market back but a catalyst could easily turn the market around. Laird says: 'The market may spin around on a sixpence if there is a piece of good news, such as the fact that foreigners have stopped selling.' Tom Joy, fund manager of Schroders Managed Balanced fund, argu...

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