J.P. Morgan backs emerging market debt

In the run-up to the US election, both fiscal and monetary policy is likely to stay expansionary, predicts J.P. Morgan Asset Management. The investment house believes investors will continue to remain "indulgent" about the country's level of indebtedness as the Treasury market is still unrivalled in its size and liquidity. Further afield, a continued recovery for Japan from the earthquake and tsunami is forecast. Elsewhere in Asia, J. P. Morgan Asset Management predicts growth will slow as trade with Europe drops, but it believes GDP expansion will still outstrip any other region of the ...