Abenomics Divides Stocks as Smallest Shares Left Behind
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Japanese Prime Minister Shinzo Abe’s plan to revive the nation’s economy is leaving small companies behind.
The broadest measure of equities has soared 18 percent since Oct. 31, when the Bank of Japan pledged to triple its share purchases and the $1.1 trillion public pension fund doubled its allocation to local stocks. Left in the Topix index’s wake: a gauge of startup technology and other small companies, which added 0.7 percent.