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Diminishing risks, but economic uncertaintiesTopic of the month: The return of a forgotten giant
Japan reacting favourably to the Abe government's new economic policies

The TOPIX share index is up 34% for the year to date. This powerful rally does beg two questions though:
1) How much more upside potential do Japanese shares have?

2) Does this mean Japan will at long last throw off the shackles of deflation in the longer run? 
     

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Market resilience masks economic risksPictet Asset Management Strategy Unit
Monthly euro investor outlook on a 3 month view.

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