Ruffer's Russell: Why Japan could be last game in town

Japan's decision to stimulate its economy much later than other developed nations has left it positioned to be the best performing stock market, according to Ruffer's Steve Russell.

Russell, investment director and manager of the CF Ruffer Total Return fund, said despite the sharp pullback recently, Japanese equities are an area where the fund will "remain substantially involved". The government's stimulus comes as other countries including the US are starting to discuss scaling back their quantitative easing programmes and withdrawing what has been an artificial support to asset prices including equities. "Now the Fed is on a path toward cutting back QE, Japan will increasingly be the one place where the government is printing money and stimulating the economy,"...