Nonetheless, geopolitical risk does not disappear, nor do global linkages (note the
strong pull of Chinese data and market
moves of late, or the uncertainty surrounding US elections in November), so
fundamentals may have to strengthen much more before the BOJ takes further easing off the table.
Ms Watkins said the Australian beverages business had
strong fundamentals but needed to
move faster to rebalance its portfolio, which is weighted to carbonated soft drinks.