Japanese Prime Minister Shinzo Abe’s plan to revive the nation’s economy is leaving small companies behind, Bloomberg reported. The broadest measure of equities has soared 18% since Oct. 31, when the Bank of Japan pledged to triple its share purchases and the $1.1t 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 0.8%. While Abe is counting on monetary easing, fiscal stimulus and reforms to put the economy on a solid footing, the measures are so far exacerbating a divide between Japan’s big exporters and the smaller firms getting no support from a weaker yen or state-financed share purchases.
