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The Nikkei (EWJ) drops sharply once again and takes other Asian bourses with it, with the fall...

The Nikkei (EWJ) drops sharply once again and takes other Asian bourses with it, with the fall this time because of disappointment with Shinzo Abe's "third arrow" of economic reform. The measures "aren't enough for Japan to achieve sustained economic growth and overcome deflation," says economist Hisashi Yamada, especially as the labor-market reforms don't go far enough. There's also disappointment that Abe isn't proposing to cut corporate taxes, which are amongst the highest in the OECD. Japan -3.8%, Hong Kong -1.1%, China -0.1%, India flat.
Comments (1)
  • Kellie Peterson
    , contributor
    Comments (155) | Send Message
     
    Yep...I may have bought this a bit too soon....still looks good in the long run though, technicals seem to be bottoming out but of course we'll have to see if our own correction comes to a halt as well, as we also have a tendency to sway those markets on the other side of the planet!
    5 Jun 2013, 03:41 PM Reply Like
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