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|Commenting on Japan slipping back into recession and output falling from previous quarter|
|Tuesday, 17 November 2015|
Michael Stanes, Investment Director at Heartwood Investment Management, commented: “The Bank of Japan is likely to take further policy steps to try to entrench the more positive attitude of consumers and of the corporate sector. We expect a supplementary budget in the near future.
“The recent earnings season saw further stock buybacks, continued pressure to reduce cross shareholdings and to improve return on equity as the corporate sector continues to restructure.
“Abenomics is not dead. In the short term anaemic global growth is weighing on activity but the direction of travel remains positive and we continue to see opportunities in Japan”
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