MoneyMagpie founder Jasmine Birtles explains why investors and analysts need to pay attention to Japan.
All eyes have been on Japan recently, with the economy displaying the kind of volatility that leaves analysts glued to the edge of their seats!
For the first half of this year, Japan’s economy was flourishing. The Topix index saw an all-time high around three weeks ago, driven by increased interest from international investors. However, it didn’t take long for things to head south.
As you can imagine, the market’s performance on the 5th of August caused worldwide panic among investors. It seemed like everything was plummeting at once – as if Japan was the first domino to fall.
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