Japan

The manager of Jupiter's Japan Income fund says Japan's move yesterday to weaken the yen was welcome, but not enough to make investors truly positive on the country.

The FTSE 100 failed to respond to broker upgrades and healthy earnings reports in early trading, advancing only six points, or 0.1%, to 5,562.37 points.

Japan's Government has intervened in the currency for the first time in six years after the yen hit a 15-year high against the US dollar.

ON JAPAN

ON BONDS

Morgan Stanley Investment Management has launched an offshore Japanese Equity fund for its latest hire.

Martin Currie's latest offerings, the Japan and European Absolute Alpha funds, will launch this month with a long bias to internationally-focused companies

ON SPECIALIST MARKETS

Long the Western bond markets…for the time being

Michael Hasenstab, Franklin Templeton's co-director of international bonds, is shorting the yen on expectations it will weaken against the US dollar as the Japanese authorities prepare to print money.