Masashi Murata, Global Currency Strategist, examines key political changes in Japan. He concludes that Abenomics is likely to continue to reign supreme in the foreseeable future, bolstered in part by a steady global economy and strong Japanese equities.
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Mega merger news this week in the health care sector as CVS Health announced plans to acquire Aetna for $69 billion in cash and stock. We are seeing shares in Samsung Heavy Industries plung to a record low after the company announced plans to raise much needed capital. Meanwhile in Europe, the Steinhoff CEO resigned following the company admitting accounting irregularities.