Wild markets here to stay: US$1.4t investor
Capital Group sees higher risk of US recession, rates below zero and deflation posing "real threat" in Japan and Europe
Tokyo
STRAP in for more volatility in markets as the global economy slows and central banks dabble in the dangerous world of negative interest rates, says US$1.4 trillion money manager Capital Group Cos.
Turbulence will probably persist as rates below zero and deflation pose a "real threat" in Japan and Europe, Capital Group wrote in a note to clients this week.