Legg Mason's Shiozumi: Japan should feel benefits of Abenomics this year
Inflation to reach 2% by 2018
Japan will finally begin to recover in 2017 from a multi-decade battle with deflation, as government reforms boost consumption, according to Hideo Shiozumi, manager of the £559m Legg Mason IF Japan Equity fund.
The Japanese inflation rate was negative for the whole of 2016 at -0.3%, but it finally began to rise in Q4 - hitting 0.3% in December. Shiozumi (pictured) said the Bank of Japan (BoJ) is determined...
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