Fund manager's comment/Fraser Laird
The election of a popular prime minister with a mandate for reform could be expected to generate a little enthusiasm from stock market participants. After all, Japan has a moribund economy, an ageing population and a rapidly deteriorating fiscal position; surely the prospect of change would be welcomed? Not really, judging by the Nikkei's reaction: after a short-lived rally, the market is back down on its knees. Investors have been unnerved by poor economic data that is primarily a reflection of the slowdown globally. Leading international technology, media and telecoms stocks such as Nok...
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