Growth please, Mr Abe

The Japanese equity market briefly saw its unstoppable rise stopped earlier this year. After rising nearly 75% from October, the TOPIX index fell 20% by mid-June before recovering through to July. For a brief time, the commentariat were a-buzz with rumours of new bear markets, cyclical downturns on...

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Bibliographic Details
Published inProfessional Adviser p. 32
Main Author Perry, Sam
Format Trade Publication Article
LanguageEnglish
Published London Incisive Media Limited 18.07.2013
Subjects
Bear markets
Economic reform
Equity
Equity funds
Investment policy
Investments
Political behavior
Japan
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Summary:The Japanese equity market briefly saw its unstoppable rise stopped earlier this year. After rising nearly 75% from October, the TOPIX index fell 20% by mid-June before recovering through to July. For a brief time, the commentariat were a-buzz with rumours of new bear markets, cyclical downturns on structural upswings and (un)healthy corrections. The market had risen with the return of Shinzo Abe to the top of Japanese politics. His plan to lift Japan out of deflation has been discussed endlessly and we would not disagree with the strategy. His resurrection of the Takahashi plan from the 1930s is eminently sensible -- fiscal stimulus, monetary easing, growth.
ISSN:1743-3339