Equity Market
Review and Outlook
Asia
Japan
Japanese stocks extended its rally over the last six months
with a return of 4.1%. Although no significant jump was seen
over the period with index levels fluttering around the 14,000
mark, the Nikkei settled at 14,327 at the end of October for
a total year to date return of 40%. The review period began
on a strong note after the Bank of Japan announced radical
measures to increase the size and scope of its quantitative
easing program, the extent of which sur