On track for a recovery

japan

clock

Fund managers have been negative towards Japanese equities for a long time. However, since last year, they have started to change their tune and begun to rethink their negative bias as the outlook turns more positive

Economic data in recent months confirms that the Japanese economy is turning the corner. During the final quarter of 2003, nominal GDP growth of 6.4% at an annualised rate was recorded compared with the third quarter, with industrial production rising at its strongest pace for five years. Although inventories unexpectedly declined, production should be positive in 2004. Despite expectations that economic growth in China and the US may slow slightly this year relative to 2003, growth in these countries is likely to remain at above-trend levels. This will continue to be positive for export ...

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 •