Abenomics on track, says Nikko AM CIO

Ahead of an announcement expected later this month on Japan’s growth reform, Hiroki Tsujimura, chief investment officer of Nikko Asset Management, has argued that Abenomics is on track. Inflation is climbing, the Bank of Japan (BoJ) is standing firm in its commitment to slay deflation, investor behaviour is changing, and political stability means prime minister Shinzo Abe has the mandate to see through far-reaching changes, noted Tsujimura. Last year Japanese equities rose 55%, …