"Abe bought time and succeeded in changing people's minds" about Japan's potential"
- Ai Sato, a stock trader at Nissay Asset Management
The world's third economy has become one of the most favoured nation's in the world, offering one of the top two opportunities globally in the next year, as Abenomics are boosting investors' confidence. A worldwide poll of investors, analysts and traders showed that the number of respondents, who are more optimistic than pessimistic on the impact of government's actions on the nation's investment climate surged to 6% this month up from 54% in January. Moreover, the reading outpaced China for the first time in surveys dating back to 2009. In addition, the majority of respondents see an end to the deflation entrenched in Japan for several decades as Haruhiko's pledged to reach the 2% target within two years. The fact that the economy expanded 0.9% in the January-March period from the previous quarter, while on an annual basis GDP grew 3.5%, is adding to signs the economy is on the path of recovery.
"Abe bought time and succeeded in changing people's minds" about Japan's potential," said respondent Ai Sato, a stock trader at Nissay Asset Management in Tokyo. "We're seeing the effects of this ‘sake' through foreign investors increasing Japanese exposure," she said, using a reference to traditional rice wine for the liquidity being injected by the Bank of Japan.
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