Abenomics is 20 years too late, says MFS
With all the talk around stimulus measures giving Japan a much-needed economic boost, MFS Investment CIO Michael Roberge argues the measures should have been taken long ago.
Japanese prime minister Shinzo Abe’s recent stimulus measures to boost economic growth in the country have led to a rush into Japanese stocks, prompting global speculation that the world’s third largest economy has finally shaken off two decades of stagnation.
But Michael Roberge, president and chief investment officer of MFS Investment Management, is sceptical.
The good news, he told attendees at AsianInvestor’s eighth annual Asian Investor Summit in Hong Kong this week, is tha…
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