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Lombard Odier limits Japan exposure following BoJ inaction

Lombard Odier, citing concerns about Japan’s higher tolerance for economic weakness and “muddled communication”, has opted to “modestly reduce” its Japanese equity exposure, on the back of the Bank of Japan’s (BoJ) decision to not change its monetary policy. The BoJ has revised a number of earlier forecasts, pushing back its target date for reaching 2% inflation from 2015H1 to…

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