Japan

BONDS

The Nikkei tumbled 3% on Friday to touch its lowest level for almost three weeks as the yen strengthened against the dollar.

Disappointing Chinese manufacturing data has sent Asian equities into reverse and raised further questions over extent of the country's economic slowdown.

Fidelity's Trevor Greetham, who heads up the firm's tactical asset allocation team, has cautioned returns on emerging market equities will continue to disappoint as US monetary policy normalises.

Shinzo Abe's weekend election victory means Japan is set to enjoy the implementation of a 'Super-Abenomics' strategy which could surprise investors, according to strategists.

ON JAPAN

Japanese investors have reacted with muted enthusiasm to a sweeping election victory by Shinzo Abe's Liberal Democratic Party.

Dalton Strategic Partnership's Luca Vaiani has been forced to increase cash to over 30% in his multi-asset fund as most assets in the portfolio posted negative returns in June.

Steve Russell, investment director and manager of the £2.9bn CF Ruffer Total Return fund, tells Ruth Gillbe why he has been 'desperately' selling stocks and why all conventional bonds are 'poisonous'.

What is it with animal similes and investors? Bulls, bears and now feral hogs, soon to be followed no doubt by lemmings and gold-plated cliff edges.