Japanese equities have performed in line with global equities (in constant currency terms) since mid-December 2009.
Conditions have improved in almost every regard and Japan is widely acknowledged once again as having good gearing towards global growth. The new Japanese Government, inaugurated on 8 June 2010 and lead by the new prime minister, Naoto Kan, is believed to be strongly in favour of a weaker yen. This is based upon comments made by prime minister Kan during his recent tenure as finance minister. As a result, there appears to be increased anticipation in the market that the new government may formulate and implement policies supporting a weaker yen. This new administration also intends...
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