Japan's Strong 1Q GDP Belies Reflation Shortfall
Mikio Kumada, Global Strategist LGT Capital Partners, Hong Kong
Despite that strong 1.7% GDP growth Japan achieved in the first quarter, investment in the private sector was weak.
Further stimulus is needed otherwise a slowdown will ensue.
A US-Japan political standoff is also developing because of the yen's strength.
Investments are now risk-off.
Download the BFM mobile app. Stay at home and stay up-to-date.