Benedicte Gravrand, Opalesque Geneva: According to SPARX, there are causes to be optimistic about the outlook for the Japanese market and the country's economy in general.
Sparx Asset Management is a Tokyo-based asset manager, part of Sparx Group. The latter manages JPY 17.5 billion ($1.6bn) (as at end Sept.) in several Japan, South Korea and pan-Asia focused funds.
Japan stocks may have just seen a five-day losing streak, but rebounded today (October 15th) with the Nikkei Average rising 0.4% and the broader Topix index adding 0.3%, reports MarketWatch, while the yen continued to weaken, trading at YJP 107.23 against the dollar (compared to YJP 107.30 yesterday).
Japanese equity markets performed strongly during Q3-2014. Markets traded within a range during the summer, and then rose sharply in September due to the weakening yen. That quarter, the TOPIX Index (with dividends) and the Nikkei 225 rose +5.82% and +6.67%, respectively.
The global geopolitics worsened of Q3, and indicators pointed to a slow but positive recovery in Japan, says Sparx. Capital expenditures slowed, industrial production weakened more than expected, some companies are making slight downward revisions to their p...................... To view our full article Click here
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