Why investors need to look at the bigger picture in Japan

RWC Partners' Corinna Arnold argues that for investors trying to get a handle on underlying trends in Japan, it is worth stepping back and looking at the big picture.

After a volatile October, November began with the Japan Post Group's IPO, the world's largest in 2015, only to reverse direction on the heels of a Wall Street pullback, the Paris bombings and weak economic data, as the country entered into recession with GDP contracting for the second straight quarter. For investors trying to get a handle on underlying trends in Japan, it is worth stepping back and looking at the big picture. The big question concerns Abenomics: is it working? In the face of high sovereign debt, negative demographic issues, and an ongoing struggle to escape deflation,...