Japan has dominated the financial pages over the past week as investors digested significant news from the world's third largest economy.
First came the shock news Japan fell into a technical recession in Q3, as GDP growth fell by an annualised 1.6% after a drop of 7.3% in the second quarter. Then came the reprieve as prime minister Abe called a snap election for next month and also announced he would postpone the second round of the VAT tax hike, scheduled for October next year, until April 2017. Many investors will have taken a far keener interest in these headlines from Japan than in previous years, as they had already started increasing their exposure to the former investment ‘basket case’. According to the most ...
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