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UBS Global Wealth Management: Expect better H2 for TOPIX

Despite a lacklustre year-to-date performance for TOPIX, UBS Global Wealth Management expects a rebound in the second half citing three major drivers. First, economic figures should improve, and the bank highlights wage growth as a driver of greater demand and corporate pirating power in the months ahead. The bank forecasts core inflation at 1% by year-end. Second, Prime Minister Shinzo…

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