Redwood: In a world of expensive shares, we still find value in Japan

Prime Minister Shinzo Abe won his election comfortably, as many in the market hoped and expected.

His economic policies were gaining a bit of traction before the poll. Continuity of policy and personnel in government pleased many investors. The large majority gives him the scope he wanted to press ahead with his economic reforms. He also intends to change Japan's military forces and widen their use. The bull case for Japan rests on Abe's three arrows policies. He has continued with fiscal expansion to provide a public sector led boost to activity. Redwood: The trade deficits that matter more than ever in Trump age He has also encouraged the Bank of Japan to pursue a very acc...