The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
from Expert Zone:
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Markets displayed a spirited bounce-back after nearly four weeks of decline with the Nifty closing at 7,789, or 1.7 percent higher, on the back of supportive global cues and several reforms by the government.
The biggest attention grabber out of Japan is today's 7.7% moonshot on the stock market, based on hopes of further central bank stimulus in Asia as well as an expected corporation tax cut over the next few years. Never mind that this comes just one day after the Nikkei joined many other major global stock indexes in wiping out its gains for the year.
The author is a Reuters Breakingviews columnist. The opinions here are his own.
Hostility between Asia’s two biggest economies is bubbling up again. But commercial logic is pulling in the other direction: Japan’s economic success increasingly depends on China, and vice versa.