Lingering nuclear concern represents considerable headwind

ON JAPAN

Pictet's Sam Perry discusses the enduring after-effect of the earthquake that is threatening Japan's recovery.

Japanese investors have a strong feeling of déjà vu all over again. After the Lehman-induced vertiginous dive in the economy, the bounceback by Japan Inc was impressively V-shaped. Following the earthquake in March, the pace of recovery has once again been rapid. These recoveries reflect both the strength of many of Japan’s export markets and also the robust health of corporate Japan. However, despite the speed with which Japan has rebuilt transport links, restored services and resumed production after the earthquake, one after-effect lingers – nuclear power. There has long been public a...