Revision is not expected to have a material impact on growth this year.
Asian markets rally overnight following the Fed’s latest update
JP Morgan Asset Management has bought the Asia Pacific property business from Aviva Investors.
Shinzo Abe’s Liberal Democratic Party has retained its House of Representatives majority following the recent snap election.
RWC is to launch a Ucits version of an institutional Japanese fund it has run in association with Japan-based Nissay Asset Management since 2005.
Improved macro data coming out of Europe has lead F&C’s head of multi asset Paul Niven to adopt an overweight stance in the region on short-term view.
GDP declined at an even faster pace than expected falling by 0.5 per cent in Q3.
Newton Asian Income manager Jason Pidcock says he is “relatively cautious” on Asia and is holding 7 per cent in cash, a high drag on an income fund.
Moody’s has downgraded Japan one notch to A1 citing doubt about the timing and effectiveness of its monetary stimulus and uncertainty of reducing its deficit.
Japanese core inflation fell to a 13-month low of 0.9 per cent in October with not long to go before a vote on a rise in sales tax.
Old Mutual Global Investors has appointed ex-Ignis Asian equity fund manager Diamond Le as portfolio manager on its Asian equities team.
BoJ members warned last month of the potential costs of further monetary easing.
Jeremy Beckwith was most recently interim chief investment officer at Nutmeg.
Japan has sunk into recession after its economy shrank 0.4 per cent in the third quarter.
The Shanghai-Hong Kong Stock Connect agreement should go live next week, pushing the case for Mainland A shares to be included in MSCI indices.
Billions of pounds of Ucits sales into Asia could be at risk from fund passporting changes in the east.
The $543m (£341.2m) Macau Property Opportunities fund has increased its debt to a quarter of its portfolio and bought a new property despite faltering gaming revenues.
Boutique investment group Seneca has appointed ex-Aberdeen head of Asia Pacific strategy and asset allocation Peter Elston as global investment strategist.
Ross Teverson has started as Jupiter’s global emerging markets head of strategy days after the resignation of two developing market managers.
The Bank of Japan has made the shock decision to boost the bank’s monetary easing programme
Aviva Investors has added fund manager Xiaoyu Liu to its emerging markets and Asia Pacific equities teams.
The Sicav is managed by Magdalene Miller and has a four star FE rating.
Japanese shares ended trading down 335.14 in overnight trading.
Inflation in the Chinese economy came close to a five-year low but economists remain unconcerned about deflation risks.
Exposure to equities has fallen 14 per cent in September following concerns over the end of QE on the global economy.
Exports increased by 15.3 per cent compared to the same month a year previous.
Nikko Asset Management has promoted London-based Andre Severino head of fixed income for the US and Europe.
There is more chance of the Federal Reserve launching a fourth round of QE next year than raising interest rates, Newton’s Jason Pidcock says.
Uncertainty about whether the Japanese market will go up or down weighed on Polar Capital’s flows as $425m flowed out of its long-only funds in the half year to 30 September.
Western countries could learn a thing or two from the “economic basket-case” that is Japan, M&G Investments’ Richard Woolnough says.
The World Bank has reduced its growth forecast for China for the next two years to account for the governments’ gear change to a more sustainable economy.
GLG Partners are soft closing the £3.8bn GLG Japan CoreAlpha Equity strategy due to large inflows and “a significant reduction” of liquidity in the Far Eastern market.
GlaxoSmithKline has been fined 3bn renminbi (£297m) and former China boss Mark Reilly has been given a suspended jail sentence for bribery.
The new Asian Equities team will run the Dublin-domiciled $270m Old Mutual Pacific Equity and the $40m Old Mutual Asian Equity funds
Local media reports in China say the central bank is in the process of distributing low-interest loans to the country’s top five state-owned banks.
HSBC Global AM associate director for Hong Kong, Honyu Fung joins AXA IM alongside his colleague Jason Pang.
The economy experienced its worst quarterly decline since the 2011 earthquake.
The Fidelity Asia Pacific Opportunities fund has been run as a pilot for the past two years and will be launched for retail investment on 24 September.