Japanese equities tumbled last night after a second day of market volatility, but the move in Asia failed to drag UK markets lower this morning as traders drew a line in the sand following savage falls over the past week.
Japanese equity funds have seen the largest even outflows in US dollar terms as investors rushed for safe-haven cash, latest data from Bank of America Merrill Lynch reveals.
Fidelity's move into passive funds
The economic situation in Japan over the last two decades can teach Western economies a number of lessons, with the region actually very successful at boosting its own citizens' wealth, M&G's bond veteran Richard Woolnough has said.