Japanese managers are cautiously optimistic about prospects for the domestic market, partly because of a local capital expenditure cycle that was forecast to peak in mid-2004, but whose legs have carried it more robustly and longer than expected.
Keith Donaldson, co-manager of the Martin Currie Japan and Daijiro funds, says Japanese stocks are "set to play catch-up" with the rest of the world, after lagging foreign markets by about 10% over the last six to eight weeks of 2004.
- Asia moves: Natixis sales head moves to Barclays, new banking head for StanChart Singapore, and more
- Functional programming reaches for stardom in finance
- Banks hope final FRTB rules will ease NMRF burden
- Banks use machine learning to ‘augment’ corporate sales
- Buy-siders eye ways to get ahead of US resolution stay rules