Beyond Covid-19: The longer-term tailwinds for Japan

There is no doubt companies' sales and earnings are being hit across Japan.

The global reaction to the coronavirus has seen unprecedented restrictions on human movement and has had a direct impact on business practices. Many companies across Japan have been characterised by strong balance sheets, net cash and in some cases not a single yen of debt. This coupled with strong, capable management is where we find the best opportunities and despite short-term earnings being affected with varying levels of severity, most are managed in such a way that survivability is highly unlikely to be an issue.  Benefiting from Japan's corporate culture amid 'bleak' macro p...