Japan

The yen is higher against major currencies today despite the Japanese Government unveiling a ¥920bn stimulus package and the BoJ extending an additional ¥10trn of lending to banks.

The yen has hit a 15-year high against the US dollar against a backdrop of inaction by the Japanese Government.

ASIA

ASSET ALLOCATION

PUTTING A NUMBER ON SKILL

China is expected to overtake Japan as the world's second largest economy as GDP growth in Japan slowed to 0.1% in the second quarter.

BONDS

US banks with Wall Street operations are bracing for a slump in trading profits this year after the third quarter got off to a poor start, with global economic uncertainty and Europe's sovereign debt woes leading to a slowdown in market activity in July....

JAPAN

Managers find returns in notoriously turbulent Japan sector, with Nathan Gibbs' Schroders Japan Alpha Plus fund outperforming in rising and falling markets