Japan

Japan's Nikkei has soared while the yen has tumbled against the dollar, amid speculation the government is considering a corporate tax cut.

Japan equity managers are buying back into domestic companies and cutting their exposure to export-led firms as the slowdown in China and a flat yen weigh on sentiment.

Japan Q2 GDP has come in well short of expectations as annualised growth of just 2.6% deals a blow to 'Abenomics' advocates.

Asian stocks have been given a lift by a broadly positive set of Chinese data as investors look to end the week on a high note.

European fund managers have rotated out of blue-chip defensives in favour of more economically sensitive cyclical stocks as they call the end of the sovereign debt crisis.

JAPAN

James Carver, manager of the SWIP Absolute Return Bond fund, is making a call on the Japanese currency strengthening against the euro as money continues flowing into Japan's equity market.

With interest rates in the UK at a historic low, investors have been looking for income strategies to boost the yields of their portfolios.

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