japan may experience a short-term lift through government reform pressures, but its future remains uncertain
The Japanese market is set for a 30% bounce in the next month which could see the end of the bear market, according to Rod Birkett, co-manager of Thames River Capital's new Japan products. The catalyst is likely to be the bankruptcy of a large borrower such as Asahi Life, brought about by banking reform pressures from the country's new finance minister Heizo Takenaka. The expectation of unwinding of equity holdings caused by this will affect the market, but whether it will prove to be the end of the bear market depends on how the situation pans out, according to Birkett. 'The medium...
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