Mr. Koji Masuto at Harver Group in Tokyo will insist that the Company continues to invest in Asian equity this week as the Japanese markets look strong on US job markets and seem to have escaped the correction period.
Jul. 05, 2013 - CHUO-KU, Japan -- Director Mr. Koji Masuto at Harver Group today said the majority of analysts at the Company are expecting the Asian equity markets to perform particularly well over the next 2 quarters, especially in Tokyo where after a long period of growth the markets have over recent months seen a period of turbulence following disappointing economic data in China and the US which prompted huge sell offs in May. In a single day in May over 7 per cent was wiped off the NIKKEI, the largest decline since the Fukushima nuclear disaster in March, 2011 as investors rushed to sell, sending the Japanese markets into panic.
In July however Director Mr. Koji Masuto at Harver Group believes the Japanese economy has passed through all turbulence, and he today reassured staff "following two consecutive weeks of growth in Japan we look strong; the dollar is forecast to strengthen, the European Central Bank is expected to keep interest rates low, and US employment figures next week are forecast to be greatly improved.
The MSCI Asia Pacific Index rose almost 1 per cent this week reinforcing investor confidence and adding to the growing momentum in investment in Japanese equity". Director and Senior Partner Mr. James Aiguo commented on Mr. Masuto's announcement saying "The European Central Bank's stimulus is encouraging investor confidence and we are seeing that confidence reflected in Asia as well, so with the US dollar improving and the positive overall US outlook we should see positive movement this week".
Ms. Anita Schultz, Director of Investments at Harver Group also commented saying, "We have never lost faith in the resilience of the Japanese market or in the efficacy of the so-called abe-onomics, i.e. Japan's policy of quantitative easing; and it would appear that we were right to invest during this recent correction."