Stanes will continue to manage growth strategy
Launches Defensive and Cautious sustainable funds
Predicts US leading downturn in late 2019
Japanese equity indices were among the strongest-performing developed markets in 2017 (the MSCI Japan returned 20% in local currency terms). This robust performance came despite a near 5% appreciation of the yen versus the US dollar.
Government requires 'boldness' to overcome long-term challenges