Japanese market bounce may end bear market, believes TRC
Japan's finance minister puts pressure on large borrowers
The Japanese market is set for a 30% bounce in the next month which could see the end of the bear market, according to Rod Birkett, co-manager of Thames River Capital's new Japan long/short fund.
The catalyst is likely to be the bankruptcy of a large borrower such as Asahi Life, brought about by pressure from the country's new finance minister Heizo Takenaka.
The unwinding or expectation of unwinding of equity holdings caused by this will affect the market, but whether it will prove to be the end
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