Despite negative newsflow this week, there are good reasons to be positive on the future of the country, writes Michael Wood-Martin, fund manager, Japanese equities at Henderson.
The sharp rally in Japanese equities over the past year and a half has naturally prompted investors to question whether it will last, particularly as it seems to have faded out in the first few weeks of 2014. News this week, that Japan's economy grew less than expected in Q4 2013, has raised further concerns. Initial forecasts predicted annualised GDP growth of 2.8% for the three months to December, yet the actual figure was only 1%. While these headline figures are disappointing, it is worth noting that, by the time they are released, they are somewhat historic and the stock market h...
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