Abenomics is 20 years too late, says MFS

Japanese prime minister Shinzo Abe’s recent stimulus measures to boost economic growth in the country have led to a rush into Japanese stocks, prompting global speculation that the world’s third largest economy has finally shaken off two decades of stagnation. But Michael Roberge, president and chief investment officer of MFS Investment Management, is sceptical. The good news, he told attendees at AsianInvestor’s eighth annual Asian Investor Summit in Hong Kong this week, is tha…