Japan still has not broken free from a deflationary mindset
The Japanese stockmarket had been sluggish and trading-orientated in the wake of the yen's recent appreciation, partly reflecting renewed jitters over the Trump risk when it came to the US presidential election, writes Hideo Shiozumi, manager of the Legg Mason Japan Equity fund.
But as it transpires, shares have soared since his surprise win, with both the Nikkei 225 and the Topix rising sharply. Domestically, the Bank of Japan remains supportive, having recently introduced...
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