Group says departing PM unlikely to affect troubled economy
Société Générale Asset Management is confident the resignation of Prime Minister Yasuo Fukuda will have little impact on the already-frail Japanese economy. The leader of ruling Liberal Democratic Party Yasao Fukuda stood down last week after less than a year in office. He was understood to be disheartened by ongoing political struggles in the Japanese Parliament between the LDP, which controls the lower house, and the Democratic Party of Japan, which controls the upper house. Senior economist at SGAM Yvan Mamalet said: "The political backdrop in Japan has been frail for a very long t...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes