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UBS Wealth Management: Japanese earnings momentum will not last

Upbeat earnings in Japan drove the TOPIX up by 12.8% between October 2017 and early January 2018, making it the best-performing equity market during this period. However, UBS Wealth Management believes this trend will not sustain, projecting momentum to start slowing by the start of 2H18 and to fade entirely by year-end. “So will this momentum last in the new…

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