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Macroeconomic conditions in Asia Pacific saw a significant recovery in 2017, supported by the stronger-than-expected cyclical upturn in global trade conditions since the latter part of 2016. Meanwhile, job growth in the region continues to hover above historical ten-year averages particularly in Japan and Australia. Despite the tightening in global financial conditions and higher economic growth, monetary policies in Asia remain broadly accommodative underpinned by low inflationary pressures.
Source : Deutsche Asset Management
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