Japan's PM election may be a stimulus for improvement

New political leadership will be a major catalyst for improving the investment case for Japan, Morga...

New political leadership will be a major catalyst for improving the investment case for Japan, Morgan Stanley's regional CIO John Alkire has claimed. He believes the September election of prime minister Taro Aso will prove to be a catalyst for a re-rating of the Japanese stockmarket and economic recovery. Aso's policies include strengthening of the pension system and reform of the labour market. A recently unveiled stimulus package will also expand preferential taxation on securities investments, with tax exemption for capital gains and dividends from stock investments up to ¥3m. "He ...