The Bank of Japan announced in July a recovery is imminent and corporate earnings are expected to pi...
The Bank of Japan announced in July a recovery is imminent and corporate earnings are expected to pick up by the end of the year. This recovery is threatened by falling investor confidence in the US and a falling dollar. 'There is enough evidence the economy's cycle is turning around,' says Kevin Gibson, head of the Japan desk at Edinburgh Fund Managers. 'Industrial production is recovering, demand and exports are rising and inventories are at record high levels.' Japan's economy is sensitive to the global market and at a time when the US market is falling, Japanese companies may exper...
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