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Article: Japan: beginning to thaw. (World Markets).(economic recovery)
- Article from:
- What Investment
- Article date:
- May 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Vitesse Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Japan is one of the most cyclically exposed markets and tends to outperform during cyclical upswings
At long last, there are signs that the Japanese economy might be starting on the hard road to recovery. Mike Balfour, chief investment officer at Edinburgh Fund Managers, comments: "Further evidence that the economy has bottomed, and is now showing signs of recovering, came with the March Shoko Chukin Bank small companies' survey. The demand-and-supply situation for the stock market is now improving; as the effects of year-end book closing come to an end, and Japanese corporations historically tend to unwind cross-shareholdings ahead of the start of the fiscal ...