Although Japan is not part of our investment brief, as a key global and regional economy, we are closely monitoring the unfolding human tragedy, particularly the nuclear situation.
My bet is that David Cameron will feel the need to give a name to the Budget.
It might be a ‘Budget for Growth’.
While it is still too early to make an accurate estimate of the economic damage caused by the Sendai earthquake and subsequent tsunami, it is potentially greater than initially estimated.
A favourite theme among some commentators in recent years has been the so-called ‘lost decade’ for equity returns. However, given the strong ongoing recovery in stock markets over the last couple of years, this idea now looks increasingly outdated.