Geffen: No false dawn for Japan as equities set to re-rate

clock

Neptune CEO Robin Geffen is buying into the Japanese recovery led by Shinzo Abe, dismissing comparisons to earlier efforts to revitalise the country.

Since coming to power late last year, Abe has unleashed a policy of aggressive fiscal and monetary stimulus that has seen the Nikkei rise 50% year-to-date and push the Japanese economy towards meaningful inflation for the first time in a generation. But while investors point to the uncertainty of Abe's ‘third arrow' expected early next year - which includes a planned rise in the country's unpopular consumption tax - Geffen (pictured) said the country will not sink back into a bear market. "For anyone who has been investing in the market since '89 there have been a lot of false dawns,"...

To continue reading this article...

Join Investment Week

  • 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

Join now

 

Already an Investment Week
member?

Login

More on Asia

Tom Baird of Redington

Emerging markets ex China - is this the future?

Separate allocation

Tom Baird
clock 26 July 2022 • 4 min read
Chris Brightman is the CIO and CEO of Research Affiliates

Research Affiliates: Real interest rates will remain higher even after inflation is tamed

Tougher conditions for capital markets

clock 22 July 2022 • 4 min read
Arthur Lau of PineBridge Investments

Asia Fixed Income: on a firm foundation

US interest rates little impact

Arthur Lau
clock 20 July 2022 • 3 min read
Trustpilot