Koizumi brings New Year cheer to funds despite stampede from Livedoor

japan equity long/short

Managers are taking an almost uniformly positive approach to Japan's stock market going into 2006, despite a hard sell-off on 18 January following an investigation into internet firm Livedoor.

Although the Tokyo Stock Exchange slammed the doors at 2.40pm local time on 18 January as the number of trades processed - four million - neared capacity, in the longer term hedge fund managers say a recovery that has faltered so often in the past may this time be sustainable - and this despite a market

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