Within their global asset allocation, analysts at Jefferies remain bullish over Japan, as technically the equity market has broken out in US$ terms and versus gold.
Sean Darby and team at Jefferies in their December 28, 2015 research note titled: “Japan 2016: Moving The Goalposts” note though it was a disappointing year for the economy, it turned out to be a good period for the equity market, as Japan succeeded in delivering absolute returns in both local currency and US dollar terms.
Abenomics witnessed Japan's GDP pickup over past few years
Darby and colleagues point out that the ongoing divergence between economy-wide improving corporate profits and weak economic data resumed in 3Q. They note despite the Japanese economy flirted...
