Central bankers risk creating an "inflationary overshoot" because of their attempts to avoid deflation, the managers of the Ruffer Investment Company have warned.
UK equities dipped this morning after closing at a 14-year high yesterday, with falls in commodity markets hitting miners.
Equity markets around the globe are near - or at - record highs, with sentiment remaining positive, but Chris Wyllie at Iveagh argues investors need to be prepared for a setback after such a strong run.
The Nikkei has closed 3.1% higher at 14,843 after the Bank of Japan (BoJ) said it would double the size of two lending programmes in a bid to prop up credit growth.
Jonathan Pines, manager of the Hermes Asia ex Japan Equity fund, has named five stocks that helped him beat competitors in his peer group last year.
Japan's economy grew less than expected at the end of last year, highlighting potential weaknesses in Prime Minister Abe's economic policies.