From Bloomberg: Daniel Loeb took his team to Japan in April
2012 to determine if the world’s third-largest economy was ready for
investment. The central bank had set a new 1 percent inflation goal, an
encouraging step in a country where growth had stagnated for two decades.
Yet Loeb wasn’t convinced until October when polls signaled
that the next prime minister would be Shinzo Abe, a pro-business leader who
agitated for reforms including a weaker currency and unprecedented monetary
easing to end deflation…..
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